Q: Can you help me patent a credit card idea? It pertains to a card using a specific MCC on purchases
I want to make and design a specific credit card that works for “certain” (ill be. More specific on what that is when i start talking to a lawyer) purchases where the user get points/cash back a purchases in this specific category. I want to patent an MCC (merchant category codes) along with the card.
A:
If you're aiming to patent a credit card concept based on a specific MCC usage, there are a few things to consider. First, remember that to be patentable, your idea must be novel, non-obvious, and useful. While the concept of rewards or cash back on credit cards isn't new, your specific application or mechanism involving the MCC might be.
MCCs are generally used by card networks to categorize merchants, and you cannot patent an existing MCC. However, your unique method or system of utilizing that MCC for rewards could be patentable. Before moving forward, it's advisable to conduct a thorough patent search to determine if a similar idea has already been patented. If not, then you can proceed with drafting and filing a patent application detailing your innovative approach.
Adam W. Bell agrees with this answer
A: Theoretically there is no reason why your method of using an MCC could not be patentable. But of course it has to be novel and non-obvious. These are legal standards and you need a patent attorney to determine this. Because the process would involve a considerable investment, you would be wise to do a thorough prior art search before you do anything else. There are instructions on our website. But the best thing to do is to contact a qualified and experienced patent attorney. A patent can be a powerful and lucrative piece of IP, must it needs to be done right. Good Luck, Adam
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