Thursday, January 5, 2012
Fiserv Inc., CheckFree Corp., CashEdge Inc., Fidelity National Information Services (FIS), Metavante Corp and Internet Identity are among the companies that caught our eye today.
Fiserv subsidiaries CheckFree and CashEdge filed a patent infringement lawsuit against FIS and Metavante, a subsidiary of FIS, Fiserv reported Jan. 5, 2012.
The suit, filed in the United States District Court for the Middle District of Florida, alleges FIS' Payment Manager products infringe on Fiserve patents. Payment Manager products process inter-bank account-to-account fund transfers, process payment instructions, and provide electronic biller notifications as part of the Payment Manager electronic bill payment technology.
In its statement Fiserve said it "has devoted significant resources developing and maintaining an extensive intellectual property portfolio. ... We have a responsibility to protect our intellectual property from further infringement and exploitation."
Internet security provider Internet Identity (IID) recently issued its predictions for the top areas of concern in 2012. They include:
"Expect the criminal world to take advantage of cyber security holes to create real-world damage too, as they have long used techniques like distributed denial-of-service attacks to extort money from victims," IID said.
The Green Sheet Inc. is now a proud affiliate of Bankcard Life, a premier community that provides industry-leading training and resources for payment professionals. Click here for more information.
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