2014-12-03|Patexia: Quorum Contest

PROBLEM

Bank On It

SOLUTION

Title

US8108261 B2: "Store affiliation system" (Apple Pay)

What is the most valuable patent granted in the last 10 years for the banking industry and why?

In 10-year period 1984-1994, the following patent was the most valuable patent for the banking industry, enabling online banking.
- US5220501 A: "Method and system for remote delivery of retail banking services"
  - Original Assignee: Online Resources, Ltd.
  - Publication date: 1993-06-15
In 10-year period 1994-2004, the following patent was the most valuable patent for the banking industry, revolutionizing electronic commerce with 1-Click ordering.
- US5960411 A: "Method and system for placing a purchase order via a communications network"
  - Original Assignee: Amazon.Com, Inc.
  - Publication date: 1999-09-28

In 10-year period 2004-2014, the following patent is the most valuable patent for the banking industry, closing the gap between online retailers and traditional brick-and-mortar retailers. It leads to a truly unified mobile payment solution providing absolute simplicity and ultimate consistency via tablet computers and smartphones. Here is the key independent claim of this US grant.

US8108261 B2: "Store affiliation system"

Original Assignee: Apple Inc.
Publication date: 2012-01-31

21. A computer implemented method for marking an online store customer, comprising:
detecting an online store customer marking event for a customer at an online store when the online store customer accesses the online store over an online store affiliate network; and
marking an online store customer in response to the online store customer marking event, wherein said marking of the online store customer occurs when the customer makes a purchase, and wherein the marking of the online store customer expires after a predetermined period of time.

The claim is brief and well-written. The scope of the claim is broad and generic enough to apply not only to Apple Pay but also to other mobile payment methods, i.e., Near-Field Communication (NFC), Quick Response Code (QR Code), etc. There is no issue of 35 USC 101 Presumption of Validity (CLS Bank versus Alice).
Therefore, US8108261 B2: "Store affiliation system" is the most valuable patent granted in the last 10 years for the banking industry.

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"Sunatori, Go Simon" <GS.Sunatori@HyperInfo.CA>

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Produced in Canada./Produit au Canada.

ISBN 978-0-929105-04-8

2025-10-15T16:51:37.000Z