DataTreasury E-Check Patents Yield Settlement

Law360, New York (January 23, 2006, 12:00 AM EST) -- DataTreasury, the tiny check processing company that has aggressively asserted its patents against banking giants like Citigroup and Bank of America, has won yet another settlement, this time in its case against global technology company NCR Corporation.

The terms of the settlement allow DataTreasury access to any of NCR’s 2,800 patents that pertain to its business model. In exchange, NCR will be granted the rights to the two patents in question. NCR has also agreed to pay DataTreasury an undisclosed sum.

NCR joins a number of...
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