Language Selection

English French German Italian Portuguese Spanish

US firm claims 30bn Euro banknotes infringe its patent

Filed under
Legal

A US-based document security firm yesterday claimed that every Euro banknote in circulation infringes on a patent it owns covering anti-counterfeiting technology. In pursuance of its claim Document Security Systems lodged a lawsuit to recover damages “at the rate of a reasonable royalty” from the European Central Bank of Frankfurt, Germany.

In its complaint lodged in the European Court of First Instance in Luxembourg, the company alleges that all Euro banknotes in circulation infringe its European Patent 455750B1, which covers a method of incorporating an anti-counterfeiting feature into banknotes or similar security documents to protect against forgeries by digital scanning and copying devices.

According to the company, this patent was granted and confirmed valid in 1999 by the Technical Board of Appeals of the European Patent Office. The patent was acquired in 2004 by Document Security Systems, Inc. (DSSI), from the estate of the inventor, the late Ralph Wicker, whose son Tom is now chief technology officer of DSSI.

The twelve countries in Europe changed their currency from individual national currencies to the Euro on January 1 2002, and seven denominations of new bank notes were designed and printed. By the end of 2006, which is the earliest that this case might come to trial, the ECB is expected to have printed or caused to be printed about 30bn Euro banknotes, all of which DSSI believes infringe the patent.

Patrick White, CEO of DSSI, claimed: “The Euro is not the only currency utilising our technologies without authorisation. We believe there are a significant number of other currencies and also traveller’s checks that contain our patented technologies on an unlicensed basis. There are also a number of corporations who may be potential infringers. We plan on addressing each and every instance."

The European Court of First Instance is the court in Europe that deals with claims against European Community Institutions such as the European Central Bank. There is one level of appeal, to the European Court of Justice.

By Robert Jaques
vnunet.com

More in Tux Machines

KDE's Plasma 5.10.4 in Chakra GNU/Linux

15 ways to empower students with open source tools

Recently I read the fascinating book Empower: What Happens When Students Own Their Own Learning, by John Spencer and A.J. Juliani. The book led me to think more deeply about my teaching methods and how I like to learn. I think learning should be exciting, and I'm happiest when I'm actively engaged in what I'm doing. Why wouldn't students in our schools want anything different than that? And why aren't we doing more to give that experience to them? While many schools today have a 1:1 ratio of computers/tablets to students, most of them use platforms and software that allow little (if any) modification. Students can't tinker with the software or hardware. Yet tinkering and experimenting are at the heart of learning. The authors of Empower say that students in environments that foster "making" take ownership of their learning more readily and tend to be deeper thinkers who are more at home with frustration. Ultimately, they wrote, "makers are better equipped for life." Read more

Red Hat Upgrade and Insider Selling

OSS: Yandex, The Open Source Way, Machine Learning, and BSD

  • In Other API Economy News: Yandex Open Source Machine Learning Library and More
    We start your weekend off with a review of the stories we couldn’t cover with a look at what what going on in the world of APIs. We start off with news that Yandex, the Russian search engine company, has announced that they are open-sourcing CatBoost, a machine learning library. The library is based on gradient boosting, a machine learning technique described by TechCrunch as being “designed to help “teach” systems when you have a very sparse amount of data, and especially when the data may not all be sensorial (such as audio, text or imagery), but includes transactional or historical data, too.” Yandex is freely releasing CatBoost for anyone to use under an Apache License. This move is similar to what we saw from Google when they open sourced TensorFlow in late 2015. As the demand for artificial intelligence solutions backed by machine learning platforms continues to grow, moves like this serve to help a wide range of developers take advantage of the technology.
  • CatBoost: Yandex's machine learning algorithm is available free of charge
  • The Open Source Way
    "Open source", in the world of IT, is program code that is meant for collaboration and open contribution. Intended to be modified and shared, because by design and spirit, it is meant for the public at large. It’s been said that “"open source" intimates a broader set of values—what we call "the open source way." Open source projects, products, or initiatives embrace and celebrate principles of open exchange, collaborative participation, rapid prototyping, transparency, meritocracy, and community-oriented development.” So it is a natural conclusion that in this age of open and transparent government, that the government IT manager or technician would be one of the first to want to embrace this new role of collaborative team member within a larger community. Additionally, as organizations, especially government, continue to emerge from the technology funding embargo of the Great (2008) Recession - an economic force that froze IT purchases and programs and forced many into strict “keep the lights on” operational mode, IT managers and CIO’s are carefully expending their still relatively measly budgets. [...] For IT organizations, especially government, with limited budgets and long procurement processes, time and increased experience with open source products will lead to a growing understanding and acceptance. And as this understanding progresses and becomes more accepted, open source will become a “go to” option to keep up with the fast moving technical environment, and perhaps eventually, as a standard first option, realizing the broader set of open source values by relying on the collective work and minds of a virtual community of IT “hackers”, “geeks” and “nerds”, working globally, 24x7/365 to explore, develop and showcase whatever tech that sparks their individual interest.
  • Top 5 open-source tools for machine learning

    Given the paradigmatic shifts that a true revolution in machine learning could bring, it’s important to maintain tech’s devotion to open-source. These kinds of scientific advancement don’t belong to any one company or corporation, but to the whole world. Making ML open and evenly distributed means everyone can join in this revolution.

  • Release of TinySegmenter 0.3
    Today I released version 0.3 of TinySegmenter, a Japanese Tokenizer in pure Python (released in New BSD license), with a single minor fix for proper install on systems not-using UTF-8 (apparently that still exists! :P). Thanks to Mišo Belica for the patch. Apparently some of his Japanese users are using it for Sumy, his software to extract summary from texts.
  • BSDTW 2017 CFP
     

    BSDTW 2017 will be held on the 11th and 12th of November 2017 (Sat/Sun), in Taipei. We are now requesting proposals for talks. We do not require academic or formal papers. If you wish to submit a formal paper, you are welcome to, but it is not required.

    The talks should be written with strong technical content. Presentations on the use of BSD in products and companies are strongly encouraged but marketing proposals are not appropriate for this venue.