Swipe Innovations Sues Intuit and Five Other Companies with Payment System Patent
- January 17, 2013
Swipe Innovations filed five separate suits against Bluebird, Cryptera, International Technologies & Systems, Intuit, and Pax Technology alleging that the defendants’ payment terminal products infringe a patent related to encrypting PIN pads (5,351,296). Since March 2012, Swipe has filed more than a dozen suits against other companies which provide secure payment terminals, including a suit against Chase Paymentech and TSYS in June. The patent-in-suit originated with Niobrara Research & Development before being assigned to FTE Exchange in August 2011 and Swipe in November 2011. 1/15, Eastern District of Texas, Judge Ron Clark, 9:2013cv00012; 9:2013cv00013; 9:2013cv00014; 9:2013cv00015; 9:2013cv00016.