Patent Board Will Review Fraud Prevention Patent
(August 3, 2016, 2:59 PM EDT) -- ALEXANDRIA, Va. — Efforts by various banking institutions to obtain covered business method (CBM) review of a patent that claims improvements in fraud detection and notification during remote and electronic transactions were successful Aug. 1, when the Patent Trial and Appeal Board approved the request (Southside Bancshares Inc., et al. v. St. Isidore Research LLC, No. CBM2016-00027, PTAB).
(Decision available. Document #16-160815-008Z.)
According to the ruling, petitioners Southside Bancshares Inc., Southside Bank, Texas Capital Bank N.A., Texas Capital Bancshares Inc. and ZB, N.A. DBA Amegy Bank...