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January 26, 2007
Check
Claiming
methods for "enhancing the security of negotiable documents," Toronto-based
Advanced Software Design (ASDC), exclusive licensee of
6,233,340;
6,549,624; &
6,792,110, owned by inventor Calin Sandru, Monday filed a complaint
in the patent litigation hotbed Eastern District of Missouri (huh?). ASDC
asserts that competitor FiServ's check fraud product, sold to Federal Reserve
branch banks, infringes. (4:07-cv-00185-MLM)
Federal Reserve branch banks in St. Louis, Philadelphia, and Atlanta are under the gun, for infringement and inducement. The Feds use FiServ's "Secure Seal" technology to validate U.S. Treasury checks.
Upon information and belief, the defendant Banks each process millions of checks per year. Upon information and belief, the defendant Banks for some time have been using Fiserv’s check fraud prevention solutions to verify checks, particularly U.S. Treasury checks, by examining encrypted information printed on checks to authenticate the printed check information such as the payee, date, check number, or amount.
Fiserv publicly took a non-infringement stance Friday.
ASDC is represented by Senniger-Powers, located in St. Louis, Missouri.
Posted by Patent Hawk at January 26, 2007 7:56 PM | Litigation