The New York Times reported that Universal Secure Registry’s filed a lawsuit against Apple and Visa alleging that “Apple Pay digital payment technology violates its patents.” The May 21, 2017 article in the New York Times was entitled “Apple Pay Violates Patents Held by Security Technology Inventor, Lawsuit Allege” and reported that Universal Secure Registry entered into a 10 year non-disclosure agreement with Visa in 2010 to share their pay technology, however this never led to a license. Ultimately Visa went to Apple in 2014 to develop Apple Pay which was also released in 2014. The report pointed out that Universal Security Registry’s lawyers Quinn Emanuel:
…represented Samsung Electronics in some of its long-running patent litigation with Apple over software in its Android-based smartphones
…and Universal Secure Registry chief executive, Kenneth P. Weiss hopes to reach a license with Apple and Visa.
Stay tuned to see how this plays out for Apple Pay!
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