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Patent lawsuit against Google Checkout, Visa, MasterCard …

Just noticed a lawsuit has been raised by Actus LLC for infringements of four e-commerce patents against 20
defendants including Bank of America, Capital One
Financial Corp, Google,
JP Morgan Chase,
Mastercard International, Obopay, Visa, Wal-Mart, Western
Union and more. Google's accused products
are Google Checkout and the Android Mobile phone.

The patent numbers are 7249099, 7328189, 7177838 and 7376621.

These all relate to the "method and apparatus for conducting electronic commerce transactions using electronic tokens" and were originally assigned
to an Arizona company called PayByClick Corporation.

According to these patents: "The electronic tokens are issued and maintained by a vendor, who also provides products and services that can be purchased or rented using the electronic tokens. The electronic tokens may be purchased from the vendor either on-line, using a credit card, or off-line, using a check, money order, purchase order, or other payment means."

Mmmmm … something to watch out for there.

(Thanks for alert from Denis Vacher)

About Chris M Skinner

Chris M Skinner
Chris Skinner is best known as an independent commentator on the financial markets through his blog, the Finanser.com, as author of the bestselling book Digital Bank, and Chair of the European networking forum the Financial Services Club. He has been voted one of the most influential people in banking by The Financial Brand (as well as one of the best blogs), a FinTech Titan (Next Bank), one of the Fintech Leaders you need to follow (City AM, Deluxe and Jax Finance), as well as one of the Top 40 most influential people in financial technology by the Wall Street Journal’s Financial News. To learn more click here...

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