USAA Accuses PNC of Patent Infringement with Lawsuit at EDTX Court
shot by IP News Shots / 6:17 pm on 09 July, 2021
United Services Automobile Association (USAA) has alleged patent infringement by PNC Bank with their Mobile Check Deposit System. USAA has filed a lawsuit in the same regard with the US District Court for the Eastern District of Texas asserting inventions for a method of depositing checks through mobile devices and seeks damages as well as royalties.
Industry: Banking/Financial Services
Read more at Bloomberg Law
Wells Fargo and BoA Cleared of Racketeering Claims to Get a Patent Invalidated
shot by IP News Shots / 6:15 pm on 24 June, 2021
The US District Court for the District of New Jersey has cleared Wells Fargo & Co. and Bank of America Corp. from racketeering claims levelled by Verify Smart Corp. The plaintiff had accused the two defendants of using an industry group to get its digital banking authentication patent invalidated at the Patent Trial and Appeal Board (PTAB), even after they committed to not challenge it.
Industry: Banking/Financial Services
Read more at Law360
IBG Dodges Decade-Old Patent Infringement Lawsuit over Electronic Trading Patent
shot by IP News Shots / 5:53 pm on 21 June, 2021
The US District Court for the Northern District of Illinois has let off IBG LLC with a summary judgement of non-infringement in a decade-long patent case brought by Trading Technologies International Inc. The court gave the ruling as the plaintiff had given up their right to use the doctrine of equivalents arguments in the assertion of the two trading technology patents.
Industry: Banking/Financial Services
Read more at Law360
Samsung Challenges Mobile Payment Patents at the PTAB
shot by IP News Shots / 6:04 pm on 17 June, 2021
Samsung Electronics Co., Ltd. has filed an inter partes review petition for mobile payment patents belonging to RFCyber Corp. at the Patent Trial and Appeal Board (PTAB). Interestingly, the patent challenge follows a patent infringement complaint filed by RFCyber with the US District Court for the Eastern District of Texas.
Industry: Banking/Financial Services
Read more at BusinessKorea
CloudofChange Seeking to Triple $13 Million Damages Verdict
shot by IP News Shots / 6:18 pm on 11 June, 2021
The US District Court for the Western District of Texas has been told by CloudofChange LLC to triple the damages and add attorney’s fees against NCR Corp. in a case that found the latter infringing on two patents. The plaintiff cited the defendant’s conduct during the case as a reason for tripling the $13 million jury verdict and the addition of legal costs and fees.
Industry: Banking/Financial Services
Read more at Law360
Wintrust Triumphs in Patent Infringement Lawsuit Brought by Peoplechart
shot by IP News Shots / 6:22 pm on 10 June, 2021
Wintrust Bank NA was awarded a win by the US District Court for the Northern District of Illinois in a patent infringement suit brought by Peoplechart Corp. The court found that the patent asserted by the plaintiff was invalid based on abstractness and granted the motion for dismissal of the lawsuit.
Industry: Banking/Financial Services
Read more at Bloomberg Law