Over the past couple of months, Verify Smart Corp. has added cases against Valley National Bancorp (2:16-cv-06065) and Wells Fargo (2:16-cv-06389) to its now years-long campaign asserting a single patent (8,285,648) generally related to verification of user identity during an electronic transaction, with multi-factor systems for authenticating of that identity. The case against one of the last two defendants added to the campaign in early August, JP Morgan Chase (the other being Ally Bank), was dismissed without prejudice within three days of filing, following an established pattern of seeking voluntary dismissal shortly after a complaint’s filing.
Bank of America is the second target of Verify Smart Corp., a former operating company that filed its first suit, against HSBC, in May of this year. That suit was voluntarily dismissed, without prejudice, on the same day that Verify filed the current case (2:14-cv-05117) against Bank of America. Both suits assert a patent related to verifying a user’s identity during an electronic transaction (8,285,648). Bank of America’s fraud protection system that enables secure banking transactions from a mobile device is accused of infringing the patent-in-suit.
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