A federal appeals court has declined to overrule the dismissal of a patent infringement suit filed last year by mobile banking vendor MShift against Intuit Financial Services and several banks and credit unions.
Mobile Money Ventures has sold its Web banking technology to Intuit Financial Services, which already uses the platform at more than 320 credit unions and banks, the companies said.
Mobile banking technology developer had sued Intuit Financial Services, several credit unions and banks.
Deal eliminates competition between P2P offerings, better positions company for battle with other contenders large and small.
Intuit Financial Services partnered with Citi startup in 2009.