Apple Sued by Payment Startup Linked to Entrepreneur Once Dubbed “Trump with a Maine Accent”

December 24, 2018

Apple has been hit by a lawsuit filed by Fintiv, Inc., an Austin-based startup that purportedly offers white-label e-commerce services and related mobile apps (6:18-cv-00372). The company alleges that Apple has infringed a single patent through the provision of products supporting contactless payments and that offer a mobile wallet app, including various models of iPhone and Apple Watch as used with the related Apple Wallet app. Fintiv acquired the asserted patent from an apparent subsidiary of Mozido, a once-promising payment startup hobbled by problematic investments and by SEC fraud charges brought against its founder, former real estate developer Michael Liberty, who recently finished an unrelated prison sentence for campaign finance violations. Mozido and Fintiv appear to be closely linked: the two companies share several executives, while Fintiv’s board includes a cousin of Michael Liberty who once ran the entrepreneur’s family foundation.

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