Joao Bock Transaction Systems Sues Four Georgia Banks over Online Security
- January 17, 2013
Joao Bock Transaction Systems filed four separate suits against Georgia’s Own Credit Union, Hamilton State Bank, The Bank of Georgia, and United Community Bank alleging that the defendants’ online banking products infringe two patents related to a system that provides financial transaction authorization (6,047,270, 7,096,003). Joao Bock Transaction Systems has filed 13 prior suits against over 40 companies, including Charles Schwab, Comerica, First National, OptionsHouse, Scottrade, Sleepy Hollow, and USAmeriBank. Raymond Joao and Robert Bock are the named inventors on the patent-in-suit, which was assigned to Joao Bock Transaction Systems in December 2008. 1/15, Northern District of Georgia, assigned to Richard W. Story, 1:2013cv00147; 1/16, Northern District of Georgia, assigned to William C. O’Kelley, 2:2013cv00010. Northern District of Georgia, assigned to Judge Timothy Batten Sr., 3:13cv00007; Northern District of Georgia, assigned to Judge William O’Kelley, 2:13cv00008.