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Stefania Fusco

Finance

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The Patentability Of Financial Methods: The Market Participants’ Perspectives, Stefania Fusco Mar 2011

The Patentability Of Financial Methods: The Market Participants’ Perspectives, Stefania Fusco

Stefania Fusco

In the last few years, there has been a renewed interest in the validity of patenting business methods. The issue appeared to be settled in 1998 with the State Street decision. However in 2008, the Federal Circuit, responding to a more restrictive approach toward the patent system adopted by the Supreme Court, began questioning the soundness of the policy to extend patent protection to business methods.

The Federal Circuit’s adaptation of its position occurred explicitly in In re Bilski when the court decided to rehear the case en banc and reconsider the conclusions previously reached in State Street. The Supreme …