CyberSource files card fraud patent suit against Retail Decisions

California's CyberSource Corporation has filed a patent infringement lawsuit in the US over the use of card fraud screening technology by London-based payments processor Retail Decisions.

Be the first to comment

CyberSource files card fraud patent suit against Retail Decisions

Editorial

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community.

The complaint alleges that Retail Decisions' eBitGuard product uses technology covered by US Patent No. 6,029,154, "Method and System for Detecting Fraud in a Credit Card Transaction Over the Internet." The application for the patent was filed in July 1997 and the patent was issued to CyberSource in February 2000.

CyberSource is seeking an injunction and treble monetary damages from ReD for "willful infringement".

The board of ReD says it is investigating CyberSource's claims but believes them to be without foundation.

In a statement, the firm says that in the first seven months of the current financial year, ebitGuard accounted for approximately three per cent of ReD's group turnover "and considerably less of its operating profit".

Seperately, NCR Corporation has filed three patent infringement suits against Intellisync over technology used for synchronising databases between personal digital assistants and host computers. Intellisync says it has reviewed the three patents at issue and believes it doesn't infringe on any of them.

Sponsored [Webinar] Payment Orchestration: Remaining Relevant in Today’s Market

Comments: (0)

[Impact Study] Payment Fraud in 2024: Who is Liable?Finextra Promoted[Impact Study] Payment Fraud in 2024: Who is Liable?