Card Activation Technologies said it has filed a suit against seven large national retailers. The retailers include convenience stores, specialty apparel and clothing stores, fashion accessory and jewelry stores, casual dining restaurants and consumer electronics stores. The total number of stores included in all of the above is approximately 15,000.
About Card Activation Technologies Inc.
Card Activation Technologies, Inc. is a Chicago-based company that owns the patent rights to a proprietary payment transaction method used for processing gift cards and other debit purchase transactions. The company is actively seeking to license its patent to the thousands of current users and believes that many retailers, gas stations, phone companies and others that utilize those stored value cards, such as gift and debit cards, infringe its patent. As a result, the company is aggressively pursuing litigation against these infringers.
For further information about Card Activation Technologies, go to www.cardactivationtech.com.