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The Green Sheet

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Wells Fargo countersues USAA over patent infringement claims

Tuesday, August 14, 2018 (Houston Chronicle / Patrick Danner)

A Remote Deposit Capture technology patent lawsuit is not a first for USAA. You may recall, a RemoteDepositCapture.com post dating back to April 2012: USAA sued Mitek. Later that month, Mitek countersued USAA and by 2014, both parties settled, acknowledging that distinct patent rights exist for each of them, neither party admitting liability on any claim, and neither party making any payment to the other. Let’s see how this turns outs.

Below is an excerpt from the article written by Patrick Danner and published in the Houston Chronicle.

Wells Fargo Bank has countersued USAA over its allegations that the San Francisco-based bank infringed on patents the San Antonio financial service company holds on technology that allows users to deposit checks using mobile devices.

In its lawsuit filed Tuesday, Wells Fargo wants a federal court in Marshall in East Texas to rule that Wells Fargo doesn’t infringe on any of the USAA’s asserted patents. The suit also asks that the patents in question be declared invalid.

In addition, Wells Fargo seeks a permanent injunction restraining USAA and its officials from “charging or threatening” that Wells Fargo has infringed on those patents.

Click here to read the article in its entirety.
 
 
 
 


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