Swipe Innovations Targets Payment Systems

  • May 14, 2012

Swipe Innovations [NPE] filed two separate suits against Capital One Merchant Services and MagTek, alleging that the defendants’ payment terminal products infringe a patent related to encrypting PIN pads.  Swipe filed one prior suit in March 2012 against more than 10 defendants, including Fujitsu, Honeywell, and Motorola.  The patent-in-suit originated with Niobrara Research & Development before being assigned to Swipe Innovations by FTE Exchange in November 2011.  5/11, Eastern District of Texas, no judge yet assigned, 9:2012cv00067; 9:2012cv00068.


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