DI Hit with MShift Patent Lawsuit
Online banking vendor Digital Insight and one of its customers has been sued by MShift Inc., a mobile banking software specialist which says DI is infringing on its patent.
The suit accuses Digital Insight and Community Trust Bank and its owner, Community Trust Financial Corp. of Ruston, La., of infringing on MShift's 2005 patent for linking technology between mobile devices and online banking networks.
"This action against Digital Insight and against companies, such as Community Trust Bank, that have chosen to use an infringing technology, demonstrates MShift's ardent commitment to protecting our many years of investment in research and development," said Scott Moeller, CEO of MShift in Fremont, Calif.
The suit asks the court to order Digital Insight and its customers to stop its alleged infringement on the patent and to pay unspecified damages.
Digital Insight, a subsidiary of Intuit Inc. and provider of online banking and other e-commerce solutions to more than a thousand credit unions and banks, said it will defend itself and its customers.
"We are confident that no Intuit or MMV (Mobile Money Ventures) technologies we supply infringe on MShift's patent, and we firmly believe that MShift's lawsuit lacks merit. As a result we plan to vigorously defend ourselves and our customers against the lawsuit," said Intuit spokesman Tobin Lee.