May 2022 - Blog | Trademarkmaldives | IP Law Firm in Maldives

Innoviti Wins US Patent for Secure Communications in Payment Systems

When we talk about the safe transfer of payment information, communication security is a prime consideration, specifically from a consumer-facing product, such as a mobile app, website, or terminal, to a payment processing server for authorization. The occurrence of common security failures can result in a change of merchant identity, stealing of customer identity, and an alteration in the transaction amount. Such security failures can lead to a loss of money for the merchant and the customer, besides the inconvenience caused to the parties involved. Innoviti’s new patent promotes the progress of secure communications in payment systems.

The patent’s objective is to address some specific security challenges arising in push payment systems when the merchant identity capture is disconnected from the step of payment processing. Most widely recognized payment methods are pull-based, such as mobile payments online, card payments online or at some store, etc. The merchant, in this scenario, sends a debit request to the bank branch of the customer using a single connection-oriented protocol. The challenges arise in authenticating the genuine identity of the customer, which is validated through a second factor. On the other hand, the challenges arising in push payments are related to capturing the merchant’s identity. If there’s a possible hack of the merchant’s identity and its substitution with a fake one, the customer’s account shall get debited, and the fraudulent account shall get credited. A possible use case exists in unassisted QR payments, such as self-check-out or vending machines, where an unauthorized and random substitution of the QR can lead to this issue.

Amit Ahuja, Senior Vice President (Payments, Business Excellence, and Data Technology Head) at Innoviti, said that the company desires to become the purchase partner of the Indian citizens by helping them significantly in making better purchasing decisions. For doing the same, Amit stated that Innoviti keeps developing sophisticated technology and delivers the same through simple yet exceptionally crafted purchasing experiences, which are exceedingly arduous to put together. According to Amit, Innoviti’s patents display the sophisticated technology needed to deliver such experiences. He also mentioned that the company’s patents help safeguard its customers against claims of other parties and provide a mechanism for it to deter replication of its technology by the competitors in the market. He specified that Innoviti has more than 26 patents in its pipeline as of now and is planning to make a portfolio of 100 plus patents over the next couple of years.

Innoviti has also created a collaborative commerce platform that allows businesses to partner on payment transactions and transform them into powerful purchase tools, thereby helping customers buy better and more products. Brands, banks, and merchants come together on this platform to develop such purchase tools.

Innoviti’s uniPAYNext product processes over Rs 75,000 crore of annualized purchase volume and commands a pretty high dominant market share of 76% in the massive enterprise category, offering category-specific purchase tools to electronics, healthcare, fashion, and grocery merchants. For more visit: https://www.trademarkmaldives.com

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Patent Filings for Green Hydrogen Production Technologies on the Rise

On 12^th May 2022, a joint study was published by the European Patent Office (EPO) and the International Renewable Energy Agency (IRENA) concerning the dynamism and trends in the field of hydrogen that can be produced using renewable electricity via the process of electrolysis. According to the patent statistics, the innovation trends in electrolyzers for the production of hydrogen show a consistent pattern, which says that Patent Filings for green hydrogen production technologies have increased by 18% on average every year since 2005. IRENA has significantly been driving the agenda on hydrogen globally within the broader context of accelerating the worldwide energy transition in pursuit of the 1.5˚C climate objective.

While being the prime subject of many researchers across the globe, hydrogen has undoubtedly emerged as an exceedingly attractive green energy source not just because of its availability in abundance but also because it can be obtained through the electrolysis of water with the help of renewable electricity in the presence of electrocatalysts. Additionally, renewable-based hydrogen can efficiently be used as fuel in fuel cells where water is the only by-product and as feedstock in the chemical sector. It can also replace the fossil sources in synthetic fuels, for instance, when combined well with captured carbon.

As our surrounding environment is showing some signs of grave problems arising in the future, the ultimate demand for cleaner energy has never been greater. Irrespective of the steep increase in the number of Patent Applications filed, the joint study published mentions that significant innovations in electrolyzer technology are still required to reduce the costs further and make it market-ready at industrial levels. Along with various charts and commentary, the joint study shall strike a chord with the investors, companies, and technologists looking forward to understanding these rapidly expanding technology domains in a better way.

The new joint study tracks the patent filings’ evolution over the past 15 years and sheds light on various trends, including:

In 2016, the number of patent families concerning water electrolysis technologies excelled the number of patent filings related to producing hydrogen from fossil sources, for instance, liquid or solid coal and oil-based hydrogen sources. Two years later, in 2018, inventions for electrocatalysts based on cheaper minerals exceeded the number of inventions based on way more traditional but expensive electrocatalysts, i.e., the ones using platinum, silver, gold, or other noble metals, thereby confirming the drive for cheaper alternatives.

The previously mentioned trend is demonstrated and pronounced by an increase in the national patent filings of China. Photo electrolysis is a robust, newly emerging technology capable of integrating hydrogen and electricity production in one step, consequently lowering the production costs. The joint study reports an above-average number of international patent families in this field – 50% of those are filed by universities. For more visit: https://www.trademarkmaldives.com

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Apple Wins Patent for In-Display Touch ID Built Using Optical Fibers

The American multinational technology company specializing in online services, consumer electronics, and software, Apple Inc., has recently won a patent for an in-display touch ID system for its next-generation iPhones. To be specific, the US Patent and Trademark Office (USPTO) has granted the Cupertino headquartered tech giant a patent linked with the use of optical fibers behind the display that could capture biometric data quickly and more efficiently. The same implies that Apple could finally get in-display fingerprint sensors on its devices.

As per various reports published around the same trending topic, the technology has the ability to capture two-dimensional (2D) or three-dimensional (3D) images of a user or object near the device. The 2D or 3D images could include biometric data in some applications.

According to the Patent Application filed by the tech giant, the technology in question utilizes optical fibers for emitting or receiving electromagnetic radiations through the device’s display.

The next-generation iPhones may also include multiple input devices, such as a virtual button or many other sensors integrated with a display stack positioned under the display.

Kindly note that the technologies specified in the patent applications filed by Apple don’t, at all times, make it to the final build. Therefore, it will be wise enough to admit that there are bleak chances for the Touch ID system to make a comeback.

If we look at the hints given by renowned analysts like Ming-Chi Kuo, we can say that the probability of Apple coming up with an under-display Touch ID feature is almost next to impossible, at least in the coming two years. In September 2021, Kuo had predicted that around late 2023, an iPhone with Touch ID functionality could be expected; however, his recent tweets mention otherwise.

After analyzing the latest surveys, Kuo said in his recent tweet that the new iPhones in 2023 and 2024 may not include the under-display Touch ID functionality. He also mentioned that the Face ID technology with a mask on in an iPhone is already a brilliant biometric solution. For more visit: https://www.trademarkmaldives.com

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India Stays Among Challenging Economies Concerning IP Protection, Says USTR

India remains among the most challenging economies worldwide concerning the protection, management, and enforcement of Intellectual Property (IP). The Office of the US Trade Representative (USTR) said the same in a recent report as it decided to retain the nation on the Priority Watch List 2022.

The USTR designated seven nations, including Argentina, Chile, China, India, Indonesia, Russia, and Venezuela, on the Priority Watch List under its 2022 Special 301 Report.

The USTR mentioned that Ukraine’s review has been suspended, keeping in mind the unprovoked and premeditated invasion of the nation.

In one of the sections of the report dedicated to India, the USTR said that the nation has remained at odds with its progress on the protection, management, and enforcement of IP. It further stated that although India made significant progress in some areas over the past year to promote IP protection, management, and enforcement, it couldn’t resolve the recent and long-standing challenges and created new matters of concern for the rights holders.

The report even specified that India’s accession to the World Intellectual Property Organization (WIPO) Copyright Treaty and WIPO Performances and Phonograms Treaty, together known as the WIPO Internet Treaties, in 2018 and the Nice Agreement in 2019 were undoubtedly positive steps towards the ultimate path of IP Protection.

On the contrary, the USTR mentioned that the potential threats of narrow patentability criteria, lack of presumption of patent validity, and patent revocations under the Indian Patents Act affect business companies and brands across different industries.

The USTR stated that in spite of India’s repeated justifications for limiting the IP protection as a way to encourage and promote access to technologies, the nation imposes pretty high customs duties on IP-intensive products, including pharmaceuticals, medical devices, solar energy equipment, information & communication technology products, and capital goods.

The USTR also said that it is continuing to monitor closely the restriction on the patent-eligible subject matter under Section 3(d) of the Indian Patents Act and its impact specifically on the pharmaceutical industry.

The report even mentioned that pharmaceutical stakeholders also express their concerns and issues time and again as to whether India has an efficient mechanism for the early resolution of potential patent disputes and lawsuits, specifically the shortcomings in notifying interested parties about marketing approvals. For more visit: https://www.trademarkmaldives.com