E-Wallet Tech Developer Claims Apple Pay Was His Brainchild

By Nicole Narea (May 23, 2017, 4:48 PM EDT) -- Apple and Visa were hit with a patent infringement suit in Delaware federal court on Sunday alleging that they rejected a licensing deal with an early developer of personal identity authentication technology for a contactless payment system and nevertheless went to market with their own version, Apple Pay.

Universal Secure Registry LLC and its founder, Chairman and CEO Kenneth P. Weiss claim in the complaint that Apple Pay, a feature of Apple devices since 2014, infringes on four registered patents related to secure access and payment systems, which analyze biometric information inputted from a device and communicate authentication information to a...

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