A Texas jury has found that Wells Fargo wilfully infringed on remote deposit capture patents held by USAA, awarding the online military bank $200 million in damages.
USAA filed suit in Texas last June, alleging Wells Fargo Mobile Deposit infringed on certain of its patents related to mobile cheque capture.
USAA holds around 50 patents connected to its technology that lets members deposit cheques by scanning them with mobile phones, and in 2017 began asking banks for licensing fees.
After Wells Fargo failed to license the technology, USAA went to court, resulting in this week's $200 million award.
USAA filed a separate suit for additional patents related to the mobile remote deposit process against Wells in August 2018. That case is scheduled for trial in January.
Regarding other cases, USAA says it "continues to seek opportunities to create reasonable and mutually beneficial licensing agreements with banks and credit unions".
Nathan McKinley, VP, corporate development, USAA, says: "We hope the industry acknowledges this verdict as further evidence of the enforceability of these patents.
"Our goal is to be reasonably compensated for the benefits we believe the industry has received from using USAA’s pioneering efforts."
Wells Fargo tells Texas Public Radio that it "strongly disagrees" with the verdict. The bank licenses its remote capture system from Mitek Systems, which was embroiled in its own legal battle with USSA.
In 2012 USAA filed suit claiming that Mitek stole its trade secrets and technology when developing its remote mobile deposit capture system. Mitek in turn pursued the bank for alleged patent infringement before a settlement in 2014.
Wells Fargo tells Texas Public Radio: "We believe this is an industry issue involving numerous other banks that license remote mobile deposit technology from the same vendor, not USAA."