Patent Protection Extends To Business MethodsThis case of State Street Bank and Trust Co. v. Signature Financial Group, demonstrated the first change in the arena of patents in the electronic commerce market. Although mathematical algorithms are not patentable, if a process is involved that transforms data and produces useful, concrete and tangible results will be upheld as a patent.
The following questions have been addressed in this article:Who are the parties involved in the action and the facts of the case?
What did the lower court determine?
What is a business method patent and its effects on electronic commerce?
What is the Mathematical Algorithm Exception ?
What did this court determine?