Visa, Inc. v. Cortex MCP, Inc.

IPR2024-00486

Visa's claims against Cortex MCP were upheld by the PTAB Director in a review of the Final Written Decision. The Board confirmed that Oborne discloses the token verification limitation central to Visa's patent.

Jurisdiction
US PTAB
Case Number
IPR2024-00486
Judge(s)
KALYAN K. DESHPANDE, MICHAEL W. KIM, JEFFREY W. ABRAHAM
Decision Date
25 January 2024

Detailed Summary

In this Delegated Director Review, the Patent Trial and Appeal Board affirmed its Final Written Decision, denying Cortex MCP’s request for reversal. The Panel found no error in the Board's determination that the challenged claims of U.S. Patent No. 9,251,531 B2 were unpatentable over Oborne. Specifically, the Director confirmed that the Board properly evaluated claim construction and did not introduce a new theory of unpatentability, agreeing that Oborne discloses verification through its disclosure of pre-funding or pre-authorizing tokens.

Practitioner Note

This case demonstrates the evidentiary and procedural standards applied in patent matters before local courts. Understanding the court's reasoning in Visa, Inc. vs Cortex MCP, Inc. is valuable context for structuring arguments or assessing risk in similar proceedings.

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