Visa Settles Suit Over Secure Transaction Patent

Law360, New York (October 8, 2009, 12:08 PM EDT) -- Visa Inc. — one of more than a dozen financial institutions and communications companies named as defendants in an infringement suit over a patent related to secure credit card transactions — has reached a deal with the patent's inventors and asked a federal judge to dismiss it from the case.

Patent inventors Raymond Joao and Robert Bock lodged an agreed motion to dismiss Visa from the ongoing litigation Wednesday in the U.S. District Court for the Eastern District of Texas, saying the parties had signed a...
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