Named Inventor Pivots to Two-Factor Authentication in Suit Against Bank

  • December 6, 2020
  • Category: New Patent Litigation
    Market Sectors: E-Commerce and Software, Financial Services

Banks and other financial institutions may be the next targets of claims arising from a family of patents that ran into Alice trouble the first time around. Inventor-controlled Texas Secure Authentication, LLC has accused FCT Bancshares (First National Bank of Central Texas) (6:20-cv-01091) of infringing a single patent, generally related to determining identification through multiple information containers and registers, through the use of multi-factor authentication methods in its online banking and Internet services. The named inventor moved the asserted patent away from Evolutionary Intelligence LLC, which sued Apple, FacebookFoursquareGrouponLivingSocialMillienial MediaSprint, Twitter, and Yelp in a pre-Alice campaign that met its patent-ineligibility demise in October 2015.

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