USAA Scores Mobile Deposit Capture Patent Win Against PNC

Source: American Banker

USAA continues to take on its large-bank rivals with patent suits. A court in Marshall, Texas, has awarded the San Antonio company $218 million in damages over its claims that PNC Bank infringed four USAA patents related to remote check deposit technology.

 The U.S. District Court for the Eastern District of Texas, which is known to be friendly to patent lawsuits, earlier ordered Wells Fargo to pay $302 million to USAA in two separate but similar patent infringement cases.

 “This verdict further validates our position that we created mobile deposit capture technology,” said Nathan McKinley, vice president of corporate development at USAA, in a statement. “PNC has benefited from our technology and we look forward to working with banks to create reasonable and mutually beneficial license agreements.” USAA declined a request for an interview.