[TechWeb Report] May 22 news, according to foreign media reports, Apple has always been the case of the lawsuit, the defendant recently went to court, and Apple this time became the defendant and is vigorously promoting Apple Pay.
Recently, a Universal Secure Registry in Boston, USA, sued Apple Inc. and accused Apple's Apple Pay of infringing its founder's patented payment technology.
Although the Universal Secure Registry is a small, undisclosed company in Boston, its founder, Kenneth P. Weiss, is not that simple. It is the inventor of RSA SecurID’s identity recognition technology and holds 13 items including smart phones and biometrics. Patents on financial transaction authentication.
Weiss signed a 10-year non-disclosure agreement with Visa on patented technology in 2010. Visa also sent engineers to understand the details of the Weiss patent, but Visa subsequently terminated the agreement.
Weiss also tried to contact Apple to seek the possibility of licensing patented technology to Apple, but Apple did not respond to this.
In 2014, Apple launched Apple Pay and cooperated technically with Visa, MasterCard and American Express.
Therefore, Universal Secure Registry this time in addition to the apple to court, Visa also knows the details of Weiss patent is also listed as a defendant.
Although Apple and Visa were brought in court together, Weiss didn't seem to want to confront Apple and Visa in court. He had clearly expressed his willingness to sit down with the two companies and he was willing to reach a settlement.
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