Diebold licenses DataTreasury patents

Source: Diebold

DataTreasury Corporation, a Texas-based check-processing company, has signed a worldwide licensing agreement with Diebold, Incorporated, allowing the ATM manufacturer to use four of the company's financial transaction patents.

These patents relate to technologies involved in the electronic processing of checks and other financial instruments and include claims related to the capture, transmission, encryption, storing and retrieval of electronic images generated from these types of documents.

"Diebold proactively sought to license this technology to offer a more robust check imaging suite, including ImageWay(TM) ATMs, for our customers as a key step toward accelerating the adoption of check imaging at the self- service channel," said Chuck Ducey, Diebold's senior vice president of Global Development and Services. "We are the only ATM supplier in the industry who currently holds a license to the DataTreasury patents -- allowing our customers to use Diebold products and benefit from this patented technology."

"We're proud to bring an industry leader like Diebold into our family of licensees," said Keith DeLucia, chief executive officer of DataTreasury. "This license should help Diebold build its product line and better serve its customers. I believe this will be a very bright year for both companies."

Terms of Diebold's licensing agreement with DataTreasury are not being disclosed. Other licensees of DataTreasury's patented technologies include J.P. Morgan Chase, Merrill Lynch, NetDeposit, Inc., Community Banking Systems, and RDM Corporation.

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