Liberty Peak Brings Four More Patents into Campaign with Complaint Against Visa

June 23, 2023

Liberty Peak Ventures, LLC (LPV) and recent defendant Fifth Third Bank have filed a joint motion to dismiss with prejudice the Northern District of Texas case between them. The Dominion Harbor Enterprises, LLC plaintiff has nonetheless kept this campaign active by accusing Visa (1:23-cv-00716) of infringing nine patents, four of them appearing in litigation for the first time, the set of them broadly directed to various aspects of financial technologies, including account reconciliation, payment authorization, transaction authentication, wireless payments, and more. The Western District of Texas complaint targets the provision of a range of financial products that “facilitate, maintain, transact, authenticate, validate, reconcile, and process financial data, financial transactions, mobile payments, contactless payments, and online payments using Visa Cards and related access to Visa’s payment networks, APIs, software development kits, Visa DPS system, Visa DPS services and other product solutions licensed by Defendants to their licensees, issuers, acquirers, partners, and clients”.

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