Visa Hit With Antitrust, Patent Suits Over Security Fix

Law360, New York (December 12, 2006, 12:00 AM EST) -- A new suit filed on Monday alleges that Visa Corp. swiped the patents of a cryptology company that fixed a serious security flaw in the credit card giant’s “smart cards,” and then deprived the company of business by setting standards for all credit card companies that neglected to address the security flaw.

Cryptography Research Inc. filed the suit in the U.S. District Court for the Northern District of California, contending that Visa used its enormous pull in the credit card industry to leave out CRI’s solution...
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