Brief: HNC and Nestor settle legal dispute

Brief: HNC and Nestor settle legal dispute

HNC Software and Nestor have settled the year-old patent infringement and anti-trust lawsuits relating to the use of neural network technology in their respective card fraud detection software.

The legal battle between the two firms commenced when HNC Software lodged a patent-infringement claim against rival Nestor. ACI subsidiary Nestor hit back, alleging that HNC's patent was invalid and that the company was engaged in ‘anti-competitive, exclusionary, predatory and illegal conduct'.

The terms of the settlement are confidential and all claims against both sides have been dismissed.

Comments: (0)

Visit worldpaymentsreport
Find out more

Trending Stories

Featured Job
All Jobs »
London, UK

Sales Director, Private Equity Solutions (London, UK)

Competitive base, double ote, benefits, stock options

22 Jul