Veritec Sues Aurora Over Rights To Banking Software

Law360, New York (February 15, 2011, 5:55 PM EST) -- Veritec Inc. sued rival payment processor Aurora Financial Systems Inc. on Tuesday, seeking a ruling that it has not infringed a patent covering banking software because it acquired the technology as part of a loan agreement.

Veritec claims it does not infringe U.S. Patent Number 7,229,006 B2 in a complaint filed in the U.S. District Court for the District of Minnesota by James T. Nikolai and Peter G. Nikolai of Nikolai & Mersereau PA and Paul K. Vickrey and Brian E. Haan of Niro Haller &...
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