Board institutes Unified IPR on Ruby Sands, LLC electronic payment patent

On August 29, 2016, the Patent Trial and Appeal Board (PTAB) instituted an IPR filed by Unified Patents Inc. on a patent related to electronic payments.  The patent, U.S. Patent 6,891,633, has been asserted against dozens of banking institutions.  The Board adopted an initial narrow claim construction and instituted review of claims 1-18 and 21-26 of the patent. 

A copy of the decision can be found here.