Stored Value Fires Back At CAT Over Gift Card Patent

Law360, New York (July 10, 2009, 12:00 AM EDT) -- Gift card services provider Stored Value Solutions Inc. has filed a suit against Card Activation Technologies Inc., seeking to declare a patent asserted by the patent-holding company invalid.

Louisville, Ky.-based Stored Value filed a complaint Wednesday in U.S. District Court for the District of Delaware against Card Activation Technologies, seeking a declaratory judgment pertaining to U.S. Patent Number 6,032,859, titled “Method for processing debit purchase transactions using a counter-top terminal system.”

Stored Value, which claims it has been an “innovative force behind gift cards since 1996,”...
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