Tag: Payment

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Payment technology company Nuvei Corp. signs deal to be taken private

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Less than four years after it went public in what was the Toronto Stock Exchange’s largest tech IPO ever, Nuvei Corp. is going private in a deal that values the company at US$6.3 billion.

The buzzy Montreal-based payments technology firm, which scored an investment from Canadian actor Ryan Reynolds last year, announced Monday that it will be taken private by U.S. private


Patent Directed to Process of Payment Processing in Income Transactions Discovered Summary | Holland & Knight LLP

AuthWallet asserted a patent directed to techniques and methods for processing economic transaction data against Block. Specifically, the claims define a process for processing economical transaction details making use of authorization requests and conferring discounts and advantages to the buyer for use with potential buys with the retailer.

Block moved to dismiss. In locating that the claims ended up drawn to nonstatutory issue issue under 35 U.S.C. § 101, the U.S. District Court for the Southern District of New York utilized the now-acquainted two-phase Mayo/Alice investigation.

Action One particular: Are the Statements Directed to an Abstract Plan?

At Alice move one, the courtroom identified that the claims were directed to the abstract strategy of “processing payments for the duration of a revenue transaction the place a profit, this kind of as a discounted payment, is presented to the purchaser for use in potential transactions.” The court docket found the patent