24 September 2017
Find out more

SecureBuy mounts legal challenge against CardinalCommerce 3-D Secure patent

16 January 2014  |  1368 views  |  0 Source: SecureBuy

SecureBuy®, a leader in global payment fraud prevention and security technology, announces today that it has filed a declaratory judgment in the United States District Court for the Southern District of Mississippi naming CardinalCommerce Corporation as the Defendant.

The declaratory judgment states that SecureBuy does not infringe any valid claim of United States Patent Nos. 8,140,429 ("the '429 Patent"), 7,051,002 ("the '002 Patent"), and 7,693,783 ("the '783 Patent") (collectively "the 3-D Secure Patents"), or in the alternative, that the claims of the CardinalCommerce Patents are invalid. Additionally, SecureBuy has filed petitions with the United States Patent and Trademark office to have these CardinalCommerce patents also placed into post grant review. The legal action was provoked by CardinalCommerce.

SecureBuy is presently offering its SecureBuy 2.0, 3-D Secure MPI to merchants worldwide on a no charge basis in an attempt to lower (CNP) card not present payment fraud globally through expanded adoption of 3-D Secure consumer authentication. SecureBuy's belief and understanding is that Visa developed and patented 3-D Secure over a decade ago. 3-D Secure is better known by merchants and consumers as Verified by Visa®, MasterCard® SecureCode™ and American Express SafeKey®. SecureBuy feels with a risk-based deployment that 3-D Secure is the most advanced consumer payer authentication solution ever created. With over 250 million registered cardholders and over a million merchants worldwide, 3-D Secure is the most widely deployed active consumer authentication solution.

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.abe-eba.eudownload the paper nowvisit www.temenos.com

Top topics

Most viewed Most shared
HSBC switches on selfie payments in ChinaHSBC switches on selfie payments in China
13406 views comments | 28 tweets | 44 linkedin
AXA launches blockchain to cover late flight compensationAXA launches blockchain to cover late flig...
9792 views comments | 13 tweets | 28 linkedin
Apple P2P payments service nears launchApple P2P payments service nears launch
8598 views comments | 19 tweets | 27 linkedin
SBI Ripple Asia advances on South KoreaSBI Ripple Asia advances on South Korea
8383 views comments | 16 tweets | 1 linkedin
European Commission makes fintech a priority in supervisory shakeupEuropean Commission makes fintech a priori...
8087 views comments | 32 tweets | 45 linkedin

Featured job

Find your next job