US Bancorp Ends Check Tech Fight With Licensing Co.

Law360, New York (December 23, 2011, 3:58 PM EST) -- U.S. Bancorp has reached a settlement to end a patent infringement suit DataTreasury Corp. brought in Texas federal court over digital check imaging patents, the companies said in a motion Friday.

The companies did not disclose details on the deal, which resolves allegations that the bank's new Deposit Point Mobile service, which allows users to deposit checks by scanning them with their smartphones, infringed two patents held by DataTreasury.

DataTreasury sued Bancorp in June, a little more than a year after winning a $53 million verdict...
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