The phrase “Deposit a check with your phone” sounds like an innovative breakthrough — but in the world of patents, broad ideas aren’t always enough.

In a high-profile case, USAA’s mobile deposit patents were ruled too abstract, leading to the overturning of a $218 million award against PNC Bank.

Key takeaway for fintech and software innovators:

• 💡 Courts now demand specific, technical solutions — not just functional ideas
• 🛡️ Patents must clearly define how the innovation works
• ⚖️ Abstract claims face a high risk of invalidation

#ExyIP #ExyIntellectualProperty #IPUpdate #IntellectualProperty #TrademarkLaw