This article introduces readers to Square, Inc. a California based company as well as some of its recent patents in light of the SCOTUS ruling in 2014. It not only looks at how the Alice Corporation v. CLS Bank International ruling dramatically altered which concepts or methods regarding financial transfer would be ineligible, but how Square, Inc. has managed to successfully been issued such patents.
Key Takeaways:
- In late August, San Francisco, CA-based merchant services company Square, Inc. (NYSE:SQ) announced that it had entered into business partnerships with a pair of former competitors.
- These partnerships are the latest moves Square has made in order to develop a more open system for its transaction services.
- A great deal of Square’s research and development has focused upon card readers but there seems to be a good deal of R&D investment related to financial transaction cards and magnetic strips.
“A great deal of Square’s research and development has focused upon card readers but there seems to be a good deal of R&D investment related to financial transaction cards and magnetic strips.”
