Visa, MasterCard Check Smartcard Patent Action

Law360, New York (July 9, 2010, 12:51 PM EDT) -- A federal judge has given the heave-ho to SmartMetric Inc.’s patent infringement action against MasterCard Inc. and Visa Inc., but granted the plaintiff another chance to elaborate on accusations regarding the defendants’ contactless card systems.

Judge Jacqueline H. Nguyen of the U.S. District Court for the Central District of California on Thursday tossed SmartCard’s suit alleging MasterCard and Visa incorporate its patented smartcard technology, noting that much more detail is needed to make the claims viable.

While SmartMetric targets Visa’s Paywave and MasterCard’s Paypass systems, the...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.