Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Fiserv files e-payments patent suit vs. FIS
BROOKFIELD, Wis. (1/9/12)--Fiserv Inc., a global provider of financial services technology solutions, Thursday reported that two of its wholly owned subsidiaries have filed an e-payments patent infringement lawsuit against Fidelity National Information Services Inc. (FIS), and Metavante Corp., a wholly owned subsidiary of FIS.

The suit was filed in the U.S. District Court for the Middle District of Florida. The Fiserv subsidiaries are CheckFree Corp. and CashEdge Inc.

The lawsuit alleges that FIS infringes on Fiserv's patents when it provides customers with certain financial and payment solutions, including FIS's Payment Manager products, which process inter-bank account-to-account fund transfers, process payment instructions, and provide electronic biller notifications as a part of its electronic bill-payment processes.

"Fiserv is a leader in providing innovative and complex technology solutions and has devoted significant resources developing and maintaining an extensive intellectual property portfolio," the company said in a statement.

"These valuable assets, and the patent protection Fiserv has been granted, enable Fiserv to create and deliver cutting-edge technologies that meet evolving market needs," Fiserv added. "We have a responsibility to protect our intellectual property from further infringement and exploitation."

Fiserv is based in Brookfield, Wis.


RSS print
News Now LiveWire
Large CU stress testing on the agenda for the April @theNCUA open meeting http://t.co/2TUcnmCmPi
55 minutes ago
#FinancialLiteracyMonth Test your college financial aid knowledge @nasfaa http://t.co/xgrDmHaw8W
9 hours ago
Join @theNCUA #NCUAchat with @KenWortheyJr on April 23 from 11am to 12pm EST http://t.co/TnNmfFh4Nl #FinancialLiteracyMonth
10 hours ago
Maine's patent troll bill has become law. Read more in Monday in @NewsNowLiveWire
13 hours ago
Wash. DFI discusses serving legal marijuana businesses with @NWCUA http://t.co/3kw79HJUYF
13 hours ago