Verify Smart Corp. v. First Republic Bank

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.