Huntington Bancshares settles Katz patent litigation

Source: Ronald A. Katz Technology Licensing

Ronald A. Katz Technology Licensing, L.P. announced today that, as a part of the settlement of patent litigation, Huntington Bancshares Incorporated (Nasdaq: HBAN), a $55 billion regional bank holding company headquartered in Columbus, Ohio, has purchased a license under the patent portfolio held by Ronald A. Katz Technology Licensing, L.P. and licensed through its affiliate, A2D, L.P.

The nonexclusive license covers services offered by Huntington Bancshares Incorporated in the "Financial Services Call Processing" and "Automated Securities Transactions" Fields of Use including customer service delivered through automated systems and live agents. Other terms of the license were not disclosed.

The patents held by Ronald A. Katz Technology Licensing, L.P. cover a wide range of interactive technology including automated forms of: customer service, prescription refill services, securities trading, merchandising, prepaid services, telephone conferences, registration, home shopping, as well as functions involved in securing information from databases by telephone, interactive cable transactions, and various other uses of toll free and local numbers.

A Huntington Bancshares representative stated, "Huntington is proud to offer our customers secure, quick and convenient services over the phone, 24 hours a day, utilizing state of the art technology. Our local and toll free customer service lines facilitate easy customer access to services such as PIN change, funds transfer and the ordering of replacement statements, any time of the day or night. The company is pleased to have purchased this important license."

Ronald A. Katz stated, "We welcome Huntington Bancshares Incorporated to the large and diverse group of financial services companies who have purchased license rights under this portfolio."


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