Apple and Visa Sued for Payment Processing Patent Infringement

Apple and Visa Sued for Payment Processing Patent Infringement

May 22, 2017         Written By John H. Oldshue

Apple and Visa are being sued because of an alleged patent infringement. Universal Security Registry, LLC claims that their patented electronic payments and identity verification technology are at the cornerstone of Apple Pay and VisaNet.

USR is a small mobile payments processor based in Boston. In 2010, founder and CEO Kenneth Weiss approached Apple and Visa with USR’s newly patented technology. This is several years before Apple Pay was launched in 2014. During the presentation, Weiss provided detailed information about how the technology worked with the protection of a signed non-disclosure agreement. Now, he claims that Apple, with the help of Visa, used the same technology in the development of Apply Pay.

“Occasionally, [large] companies infringe patents and force a patent owner to file a lawsuit as the only way to financially benefit from the technology he invented,” said Weiss.

Weiss has 13 patents in the United States and multiple patents pending for his company’s technological advancements, most of which focus on secure identity authentication and tokenization.

The complaint does not specify how much USR is seeking in damages. If they are victorious in the lawsuit though, they can receive up to three times that amount. Quinn Emanuel is the attorney overseeing the case, and he has been successful with patent infringement cases against Apple in the past.



The information contained within this article was accurate as of May 22, 2017. For up-to-date
information on any of the terms, cards or offers mentioned above, visit the issuer's website.


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About John H. Oldshue

John Oldshue is the creator of LowCards.com. He worked for over 15 years in television and won an Emmy award for his reporting. He covers credit card rate issues for LowCards.com.
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