Aptys Solutions, a payments network provider for financial institutions nationwide, offering the industry's only common platform to support all aspects of payment processing, announced today that it has purchased a license to use DataTreasury Corporation's patented technology for image capture.
The technology, covered by U.S. Patent Nos. 5,910,988 and 6,032,137, issued to DataTreasury in 1999 and 2000, centralizes processing and electronic storage of document and check information. DataTreasury has aggressively protected its patents against banks and financial services companies in recent years, having recently won a judgment against U.S. Bancorp, Viewpointe and The Clearing House Payments Co. for $27 million. This case was DataTreasury's first jury trial and further validated the patents at issue, which have been licensed by many other companies. This licensing agreement ensures that there will be no barriers to technological growth for Aptys Solutions in relation to image capture and guarantees that its customers will be protected from any future issues regarding the patents.
"Our family of licensees is comprised of the best and brightest in the payments industry and we are proud to add Aptys Solutions to this list," said Keith DeLucia, chief executive officer of DataTreasury. "We look forward to working closely with Aptys as it continues to add new functionality to its innovative solutions and grow its customer base."
"Aptys Solutions is dedicated to providing the most sophisticated products and services available and this extends to any technology partners that we select to work with as well, " said Sean Pennock, president of Aptys Solutions. "Licensing DataTreasury's technology for image capture allows us to eliminate any concerns our customers have regarding the technology that they depend on and enables them to focus their attention on supporting the technological requirements of running their businesses."