SmartMetric files patent infringement lawsuit against Visa, MasterCard

Source: SmartMetric

SmartMetric, Inc. today announced that the Company has filed a patent infringement lawsuit against smart card issuers Visa and MasterCard in California Federal Court.

SmartMetric filed the lawsuit in defense of its U.S. Patent 6,792,464 ('464 Patent) which provides patent protection concerning both 'contact' and 'contactless' smart card technology specifically when used to automatically access a credit card company network via such contact points as ATM machines or Point of Sale (POS) machines.

SmartMetric is seeking preliminary and permanent injunction against both Visa and MasterCard to prohibit them from further infringements along with a cash award for damages and a royalty payment.

More information on the company's lawsuit against Visa and MasterCard can be found on Form 8-K filed by the Company today with the Securities and Exchange Commission.

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