21 January 2017
visit http://www.wolterskluwerfs.com

SecureBuy mounts legal challenge against CardinalCommerce 3-D Secure patent

16 January 2014  |  1298 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 wavestone.co.ukVisit capgemini.com

Who is commenting?

Top topics

Most viewed Most shared
Banks face big profit loss to digitisation - McKinseyBanks face big profit loss to digitisation...
16480 views comments | 94 tweets | 113 linkedin
Seven banks plan blockchain platform for SMEsSeven banks plan blockchain platform for S...
12874 views comments | 48 tweets | 44 linkedin
Accenture beats Brexit blues with largest-ever London startup programmeAccenture beats Brexit blues with largest-...
11078 views comments | 31 tweets | 20 linkedin
US fintech firms join forces to push data sharing via APIsUS fintech firms join forces to push data...
7161 views comments | 41 tweets | 40 linkedin
HSBC forms tech advisory boardHSBC forms tech advisory board
6535 views comments | 21 tweets | 23 linkedin

Featured job

to Six-Figure Base, Bonus, Benefits
London, UK

Find your next job