Visa, M&T Bank Resolve Actus E-Payment Patent Spat

Law360, New York (May 3, 2010, 11:52 AM EDT) -- Defendants Visa Inc. and M&T Bank Corp. have settled in a patent infringement suit brought by patent-holding company Actus LLC over technology for electronic methods of processing payments, joining a number of other companies that have resolved the litigation.

Judge John T. Ward of the U.S. District Court for the Eastern District of Texas signed off Friday on separate stipulations to dismiss with prejudice all claims and counterclaims between the parties, subject to the terms of licensing and settlement agreements.

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