/retail
LML Patent Corp. ("LML"), a wholly-owned, indirect subsidiary of LML Payment Systems Inc. (the "Corporation") (Nasdaq:LMLP) announced today that it has received total payment in the amount of $1,315,000 and has entered into Settlement and License Agreements (the "Agreements") with each of Regions Bank ("Regions"), Fifth Third Bank ("Fifth Third") and Marshall & Ilsley Bank ("M&I") with respect to litigation filed by LML in the U.S. District Court for the Eastern District of Texas alleging that each of Regions, Fifth Third and M&I infringed U.S. Patent No. RE40,220.