HomeContentNewsThe Clearing House Acquires A Membership In The OIN

The Clearing House Acquires A Membership In The OIN

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Any business that agrees to refrain from bringing its own patent claims against the Linux operating system is awarded royalty-free licences for Open Invention Network patents.

The Clearing House (TCH) has joined as a community member of the Open Invention Network (OIN), which was founded to protect open source software (OSS) and is currently the largest patent non-aggression group in history. TCH is reaffirming its commitment to OSS as an enabler of cutting-edge financial services payment platforms. As the country’s most experienced payments company, it runs U.S.-based payments networks that clear and settle more than $2 trillion in payments daily through wire, ACH, check image, and real-time payments.

Through royalty-free cross-licensing of Linux System patents, the OIN community upholds patent non-aggression in core Linux and related open source technology. Similar royalty-free licences are granted for Open Invention Network patents to any company that pledges not to oppose the Linux operating system with its own patent claims. On http://www.j-oin.net, the OIN licence can be signed electronically

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“Advancements in financial services and Fintech increasingly rely on open source technologies,” said Keith Bergelt, CEO of Open Invention Network. “As the most experienced payment company in the U.S., and a keystone for the financial services industry, we are pleased that The Clearing House is committed to patent non-aggression in core Linux and adjacent open source technologies.”

“We remain focused on integrating the best technologies in our payment networks, which help to deliver services that our banks’ customers value and trust. We enable all financial institutions to offer safer, faster, and smarter digital transaction services, and open source is a significant innovation driver in these offerings,” said Sean Reilly, Senior Vice President and Associate General Counsel at The Clearing House. “We are pleased to join the Open Invention Network and support its role in protecting open source software.”

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