DataTreasury Corporation, a Texas-based check-processing company, today announced that Merrill Lynch has acquired a license to utilize six of DataTreasury's financial transaction patents on a worldwide basis.
These patents relate to technologies involved in the electronic processing of checks and other financial instruments, and they are currently the basis of a series of high-profile patent-infringement lawsuits DataTreasury has filed against a number of banks and financial services companies. This litigation is being handled by attorneys Ed Hohn and Rod Cooper, partners in the Dallas office of Nix, Patterson & Roach, LLP. At no time was Merrill Lynch a defendant in this litigation.
The terms of Merrill Lynch's licensing agreement are confidential. Other licensees of DataTreasury's patented technologies include banking giant J.P. Morgan Chase, check-imaging innovator NetDeposit, Inc., banking software provider Community Banking Systems, check-imaging specialist RDM Corporation, and point-of-sale hardware manufacturer Groupe Ingenico.