A Texas Company sues Apple Claiming that Apple Pay is infringing their Acquired Korean Patent
An Austin based company by the name of Fintiv Inc., who claims to have been working on mobile payment, loyalty, and offers technologies for over 20 years, is using an acquired Korean patent about management of virtual cards stored on mobile devices to sue Apple with for patent infringement.
The Korean patent FIG. 1 below represents a system diagram of a mobile wallet application and associated integration.
The company claims that infringing products include Apple iPhone devices (including, at least, iPhone 6, 6 Plus, 6s, 6s Plus, SE, 7, 7 Plus, 8, 8 Plus, X, XR, XS, XS Max), Apple Watch devices (including, at least, Series 1, Series 2, Series 3, and Series 4), and the Apple Wallet Application (collectively, “the Apple Devices”).
The details of this patent infringement lawsuit is provided below courtesy of Patently Apple.
A Texas Company sues Apple ... by Jack Purcher on Scribd