The patent fight between Fiserv and FIS is over with no money changing hands. This week there was a resolution and dismissal of four patent infringement claims brought against FIS by Fiserv in 2012.
FIS and Metavante, which FIS acquired in 2009, were sued in the United States District Court by Fiserv subsidiaries CheckFree and CashEdge in January 2012 for allegedly infringing four business method patents. Fiserv claimed that certain features of FIS’ financial and payment solutions, including its Payment Manager product, infringed the asserted patents.
In December 2014, the U.S. Patent and Trademark Office’s Patent Trial and Appeal Board ruled that all claims in Fiserv’s asserted patents are unpatentable.
The dispute has now been settled, with no monetary payment made or promised by either party. Fiserv will dismiss its appeals of the patent office decisions, and the parties will dismiss the federal district court lawsuit.
The patents Fiserv asserted against FIS remain invalid.
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