|
|
|
Friday, April 14, 2006
(RemoteDepositCapture.com)
|
|
With a hit list of more than 70 names casting a BlackBerry-shaped shadow over the industry, DataTreasury still plays the underdog in its legal battles with the big boys.
"The U.S. financial industry is treating them...much more phenomenally worse than third-world companies involved in piracy," says Edward Lewis von Hohn, the attorney leading DataTreasury's multiple patent infringement lawsuits against the nation's largest banks and service providers. "They just thumb their noses at [DataTreasury's patents]. Our intellectual property is going to be respected...and they are going to be held responsible."
For the past three years, the company has pursued a trove of lawsuits against banks and e-commerce providers it alleges violate DataTreasury founder and CEO Claudio Ballard's patents covering remote check image processing and storage. It sued and reached settlements with JPMorgan Chase, French payments equipment manufacturer Groupe Ingenico, Zions Bancorp's NetDeposit subsidiary, RDM Corp., and mostly recently, NCR Corp. The company, formerly of Long Island but now headquartered in Plano, TX, also has pending action against the likes of Bank of America, Wachovia, Citigroup and member institutions of Viewpointe and SVPCO, both image exchange networks. It's also gunning for credit card processor First Data.
This article contains over 30 total paragraphs....
|
|