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  • Goodbye stupid software patents?

    If you haven't been following this story it may (hopefully) turn out to be a milestone in the history of software patents: The story concerns a US financial institution, CLS Bank, and an Australian software company that holds a patent on software used to mediate escrow for financial transactions. CLS argued that the process of escrow is centuries old and therefore not patentable while Alice argued that computerizing the process met the criteria for patentability.