USAA sues Wells Fargo over remote deposit capture patents
11 June 2018 | 3804 views | 4
USAA has filed a federal lawsuit against Wells Fargo alleging patent infringement on its mobile remote deposit capture technology.
The lawsuit, filed in US District Court for the Eastern District of Texas, is asking for unspecified damages from banking giant Wells Fargo.
Online military bank USAA holds around 50 patents connected to its technology that lets members deposit cheques by scanning them with mobile phones.
Last year, USAA began asking banks for licensing fees related to the patents. Wells has so far failed to license the technology, prompting the lawsuit, according to the San Antonio Express-News.
The complaint says "it is improper for Wells Fargo to use, without permission, patented technologies that USAA has spent immense resources to invent, develop, implement, and perfect".
In 2014 USAA settled a suit with mobile cheque imaging outfit Mitek Systems with no money changing hands.