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.