Vantiv Files Declaratory Judgment against Swipe Innovations
- July 20, 2012
Vantiv filed an action for declaratory judgment against Swipe Innovations, seeking declaration that its payment terminal products do not infringe a patent related to encrypting PIN pads. Swipe Innovations has filed 10 prior suits since March 2012 against more than 10 defendants, including Capital One, Chase, Fujitsu, Global Payments, Honeywell, Motorola, Orpak USA, TechTrex, TransFirst Holdings, and WorldPay US. The patent-in-suit originated with Niobara Research & Development before being assigned to Swipe Innovations by FTE Exchange in November 2011. 7/19, Southern District of Texas, no judge yet assigned, 4:2012cv02183.