TouchPay creator MEPS wins patent infringement case vs BTI

MANILA, Philippines --- The arbitral tribunal from the Philippine Dispute Resolution Center Inc. (PDRCI) recently rendered an arbitral award directing BTI Payments Philippines Inc. (BTI) to pay Manila Express Payments System (MEPS) at least P5.3 million for patent infringement. In a resolution, the arbitral body found BTI to have unlawfully copied the patented utility model of MEPS, operator of the TouchPay electronic collection system, in violation of the Intellectual Property Law allegedly in connivance with Electronic Transfer & Advance Processing Inc. (E-TAP). The decision by the arbitration panel reaffirms the importance and value of intellectual property. MEPS had ...

Keep on reading: TouchPay creator MEPS wins patent infringement case vs BTI

from INQUIRER.net https://ift.tt/5efI2ry

Post a Comment

Previous Post Next Post