As recently reported in RPX’s Q1 in Review, NPE litigation targeting the Financial Services sector jumped by 111% during the first quarter of 2021. That Q1 wave of Financial Services litigation was filed by a variety of NPE plaintiffs, including several inventor-controlled entities; an NPE associated with the monetization firm Dynamic IP Deals, LLC (d/b/a DynaIP); and an affiliate of prolific filer IP Edge LLC.
IP Edge LLC plaintiff Xylon Licensing LLC has taken over the litigation campaign that fellow IP Edge entity Kwality IP LLC launched in September 2020, suing Amergy Bankcorporation (6:21-cv-00098), BOK Financial (6:21-cv-00099), South Plains Financial (6:21-cv-00100), and Texas State Bankshares (6:21-cv-00101) in the Western District of Texas. The plaintiff asserts a single patent—acquired from Empire Technology Development LLC—generally related to completing a secure transaction over a mobile device, where a portion of the transaction is completed through a “customer secure computing device”. The defendants are accused of infringement through the provision of mobile point-of-sale (POS) systems, including credit card readers and related mobile apps. Kwality IP transferred the patent to Xylon in January 2021, several weeks after dismissing its last active case, against Global Payments.
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