NextCard Sues Banks Over Online Credit Patents

Law360, New York (December 23, 2009, 1:57 PM EST) -- NextCard LLC has sued a slew of banks — including Chase Bank USA, Citibank NA and Wells Fargo Financial Inc. — alleging infringement of patents covering online methods of approving credit.

NextCard filed suit Tuesday in the U.S. District Court for the Eastern District of Texas, asserting three patents it holds for credit application approval technology.

Capital One Bank (USA) NA, Zions First National Bank N.A. and The Harris Bank N.A. also were named as defendants in the suit.

The patents-at-issue are U.S. Patent Number 6,405,181,...
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