20 October 2017
Find out more

AT&T sues eBay, PayPal, for patent infringement

21 November 2003  |  4802 views  |  0 Paypal_build

AT&T is suing eBay for alleged patent infringement at the online flea market's person-to-person payment subsidiary PayPal.

The telco says the techniques used by PayPal and former eBay P2P subsidiary BillPoint to manage online payments, violate a patent it filed more than a decade ago. The company is seeking an undisclosed amount in licensing fees, arguing that PayPal acts as a 'trusted intermediary' between buyers and sellers who may not know each other.

AT&T says three of its senior engineers filed for a patent that described such a process in 1991. The company says it filed suit after more than a year of negotiations with eBay over licensing fees

EBay, which acquired PayPal in October 2002 and has witnessed a doubling in revenues from the division since, has dismissed the suit as baseless.

The move caps a rough week for PayPal, which has found itself at the centre of a spam e-mail fraud campaign which not only tried to dupe recipients into sending off their personal details but also installed a virus programmed to search for user credit card numbers.
KeywordsE-COMMERCE

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

E-Pass sues Visa for patent infringement

E-Pass sues Visa for patent infringement

11 November 2003  |  4446 views  |  0 comments
PayPal launches first international site in the UK

PayPal launches first international site in the UK

09 October 2003  |  6048 views  |  0 comments
JP Morgan Chase faces database patent suit

JP Morgan Chase faces database patent suit

14 August 2003  |  4252 views  |  0 comments
Reuters sues Bloomberg over alleged patent infringement

Reuters sues Bloomberg over alleged patent infringement

14 July 2003  |  7726 views  |  0 comments
ESpeed files BrokerTec patent infringement suit

ESpeed files BrokerTec patent infringement suit

01 July 2003  |  5529 views  |  0 comments
Lava Trading sues royalblue for patent infringement

Lava Trading sues royalblue for patent infringement

23 June 2003  |  7629 views  |  0 comments
Brief: PayPal passes 20 million member milestone

Brief: PayPal passes 20 million member milestone

03 October 2002  |  4242 views  |  0 comments
Paypal rebuffs First USA patent infringement suit

Paypal rebuffs First USA patent infringement suit

11 September 2002  |  13797 views  |  0 comments
eBay and PayPal defend lawsuits

eBay and PayPal defend lawsuits

11 July 2002  |  3789 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.fivedegrees.nlvisit www.vasco.comvisit www.niceactimize.com

Who is commenting?

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
15880 views comments | 12 tweets | 4 linkedin
Swift positive on blockchain, but big challenges remainSwift positive on blockchain, but big chal...
8993 views comments | 16 tweets | 23 linkedin
satelliteGates Foundation backs Ripple collaboratio...
8104 views comments | 13 tweets | 10 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
7172 views comments | 9 tweets | 17 linkedin
Santander InnoVentures leads $6m funding round for Mexico's ePesosSantander InnoVentures leads $6m funding r...
6312 views comments | 6 tweets | 3 linkedin

Featured job

Competitive
London, UK (or flexible)

Find your next job