Kioba Processing Adds Bank of America as Third Defendant in Financial Services Campaign

  • October 14, 2020
  • Category: New Patent Litigation
    Market Sectors: E-Commerce and Software, Financial Services, Networking

Kioba Processing, LLC, an NPE associated with the monetization firm IPInvestments Group LLC (d/b/a IPinvestments Group), has sued Bank of America (2:20-cv-00328) in the Eastern District of Texas following its Northern District of Illinois suit against Discover last month. The defendant is accused of infringing five patents—each received from Intellectual Ventures LLC (IV)—through the provision of network-based finance products and services, including the Bank of America app, the Lock/Unlock service, SafePass service, and more.


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