With USAA Patent Win, Mitek Litigation Takes Center Stage
November 20, 2019 at 8:53 am 4 comments
With the recent victory by USAA in its patent infringement suit against Wells Fargo, a lawsuit filed in a California federal court by Mitek on November 1st takes on added significance. The lawsuit seeks a declaratory judgment that Mitek has not infringed on remote deposit capture patents, which are at the core of this dispute. The outcome is crucial if you are one of the credit unions that are relying on contractual language mandating that Mitek indemnify you against patent infringement claims stemming from RDC technology.
As explained in the complaint[1], starting in 2017, USAA has “launched an aggressive licensing and enforcement campaign” in which the Epicenter Law, PC has sent out over 1,000 patent licensing demand letters to financial institutions across the country, “most of which are Mitek customers.”
As you can see, Mitek faces substantial exposure as it has to financially protect financial institutions from these claims. I’ve said it before, and I will say it again; please review your RDC contracts to find out who is responsible for protecting you against patent infringement claims.
On that note, enjoy your day.
[1] Mitek Systems v. USAA 5:19-cv-07223-NC
Entry filed under: General, HR, Legal Watch, Technology. Tags: Mitek, RDC, USAA.
1.
Thom Powers | November 20, 2019 at 9:13 am
Still don’t understand how you can get a patent on clearing checks…sounds like version 46.0 of the Lawyers Relief Act.
2.
Another Ruling Upholds USAA’s RDC Patents | new york's state of mind | January 16, 2020 at 9:44 am
[…] I’ve explained before, most credit unions offer RDC technology pursuant to a third party agreement with Mitek Systems. […]
3.
Anonymous | July 10, 2020 at 11:54 am
USAA has been known for some shady business dealings. This lawsuit is just a way to force banks to sign with them or otherwise torture them until they switch.
https://abcnews.go.com/US/usaa-policy-abc-news-investigation-sandy-damaged-vehicles/story?id=20156236
4.
RDC Litigation Trending Against Financial Institutions | new york's state of mind | January 13, 2021 at 9:36 am
[…] course, many credit unions have utilized this technology by working with vendors including MiTek – in another important case that’s still pending, MiTek filed a lawsuit in California […]