Second payment card CUSO dismissed from patent infringement lawsuit by London-based technology vendor.
United Solutions Co., a Tallahassee, Fla.-based CUSO, has been granted a U.S. card customization patent license and dismissed from a group of defendants in a lawsuit filed in June by London-based technology vendor Serverside Group, the vendor said.
United Solutions Company was one of a group of defendants in action by London-based card customizer.
Credit unions are pushing for passage of a patent reform bill that the Senate is likely to vote on soon that could limit their exposure to patent infringement lawsuits.
Credit union trades back bill, which would give financial institutions protection from "business method" patent litigation.
Two credit union service organizations and three credit unions were among defendants named on June 23 in a patent lawsuit brought by London-based technology vendor Serverside Group.
The patent suit filed by London-based Serverside Group is not to be taken lightly by the credit unions and credit union service organizations the vendor lists as defendants.
Waiting game for credit unions and CUSOs by a patent litigation suit from London payments technology vendor Serverside Group.
Credit unions and vendors among defendants named in card technology suit filed by London-based firm.