Visa sued over online authentication patent

Published: 13 May 2003 y., Tuesday
Visa USA Inc. and Visa International Service Association have been sued by two technology companies who claim that the credit card companies stole their patented technology for authenticating credit card holders in online transactions. Starpay.com LLC, of Oklahoma, and VIMachine Inc., of Delaware, claim they shared information on a patented payer authentication technology with Visa and that Visa subsequently filed its own application for a patent based on that information. The companies also allege that Visa's payer authentication service, VPAS, infringes on their patented technology, according to a copy of the complaint filed Thursday in the U.S. District Court for the Northern District of Texas. Starpay and VIMachine are seeking unspecified damages. No one from Visa USA or Visa International could be reached for comment late Friday. The patent in question covers a system in which a transaction administrator, such as a credit card company, sits between an online vendor and a buyer to confirm a transaction when a purchase is made. After confirmation, the vendor completes the transaction, according to the description of the patent, number 5,903,878, on the U.S. Patent and Trademark Office Web site.
Šaltinis: IDG News Service
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.

Facebook Comments

New comment


Captcha

Associated articles

The most popular articles

First Japan-Baltic States charter flight

On August 4, the first chartered flight of "The Japan Airlines" will arrive from Tokyo in the Baltic States and land in Riga. more »

EBRD water loan to help construction of affordable housing in Siberia

1.6 billion rouble loan to overcome problems holding up expansion of city of Surgut more »

Nordic Shared Services & Outsourcing Forum 2009, 26 – 27 August, Sweden

Nordic Shared Services & Outsourcing Forum 2009, 26 – 27 August, Sweden more »

Lithuania among Least Expensive Countries in Europe

Results of the latest price survey by Eurostat show that Lithuania is on the list of the TOP 10 least expensive countries in Europe. more »

Digital economy can lift Europe out of crisis, says Commission report

The European Commission's Digital Competitiveness report published today shows that Europe's digital sector has made strong progress since 2005. more »

Obama talks GDP, jobs

US President Barack Obama said that the economy was weaker than he thought when he took office, but there are signs of improvement. more »

EIB and UniCredit support the economy in Central and South Eastern Europe: total funding scheduled in 2009 in the region exceeds EUR 1.2 bn

The EIB and UniCredit Group strengthen their cooperation to implement the Joint Action Plan of the largest multilateral lenders in Central and Eastern Europe who have committed to provide up to EUR 24.5 bn lending to the SME sector hit by the global economic crisis. more »

During the first six months of this year AB Bank SNORAS earned LTL 24 million profit

Within the first half of 2009, AB Bank SNORAS earned LTL 24 million of unaudited profit. more »

69% of workers helped by EU globalisation fund found another job

10,000 workers were helped by the European Globalisation Adjustment Fund (EGF) last year and of these, more than two-thirds found a new job, according to a report adopted by the European Commission today. more »

SEB awarded as the best Internet bank in Lithuania

SEB recently won awards for best consumer Internet banks in Lithuania and Latvia in a ranking presented by Global Finance Magazine. more »