All your patents are belong to us
Published:
22 November 2003 y., Saturday
This one should be interesting. TELEPHONE GIANT AT&T has filed a legal action against Ebay and Paypal claiming that the auction giant is breaching patents it owns.
According to the law suit, filed in a US federal court yesterday, both Ebay and Paypal technology breaches an AT&T patent for transactions using trusted intermediaries processes payments over the Internet.
The US giant wants Ebay and Paypal to compensate it for using what it claims is its technology. The patent in question is 5,329,589, which describes "Mediation of Transactions by a Communication System".
What this patent describes, essentially, is the sale of goods using a credit card or a bank account number through a third party, which completes the transaction without passing on customer-sensitive information.
According to the law suit, AT&T had approached Ebay/Paypal to discuss the alleged infraction, but the firm wouldn't stump up the cash.
One inventor of the 589 patent, Alexander Fraser, was a chief scientist at AT&T, while another, Roy Weber, worked for AT&T Bell Labs. The third, Carlos Perea, was a manager of AT&T's business services.
Šaltinis:
theinquirer.net
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
Bank DnB NORD A/S increasing its holdings in its Lithuanian subsidiary to 99.84 percent through acquisition of shares from minority shareholders.
more »
AB Bank SNORAS will grant LTL 35 million for financing the small and medium businesses on the exclusive conditions.
more »
Rejecting survival plans from both General Motors and Chrysler, President Barack Obama warned the ailing US automakers they could be forced into bankruptcy if they don't find a way to slash their debt.
more »
Prevailing wisdom says when the going gets tough the weary go drinking. The demand for beer exceeds the demand for all other alcoholic beverages in USA.
more »
Things have been moving slowly for Swiss watchmakers in recent months. The global economic downturn has hit the country's third most important industry hard.
more »
The move came a day before the U.S. government was due to outline new steps to help GM and Chrysler as part of the federal bailout.
more »
With the European year of creativity and innovation in full swing, leading figures warn against cutting back on research and development in times of crisis.
more »
Wall Street has been looking for signs of a bullish comeback, and today's surprise news on the economic front revived a buying spree... started by Monday's 7% rally.
more »
With the economic crisis eating away at public finances, budget deficits in five countries are expected to exceed the 3% of gross domestic product allowed by the EU.
more »
China is calling for a new global currency to replace the dominant dollar, showing a growing assertiveness on revamping the world economy ahead of next week's London summit on the financial crisis.
more »