fbpx

Apple and Fintiv to talk about patent lawsuit settlements in June

Apple Wallet on an iPhone

Apple and Texas firm Fintiv are preparing to hash out a potential settlement on June 8, to try and end a patent infringement lawsuit involving Apple Pay and Apple Wallet.

The U.S. District Court for the Western District of Texas has ordered for Fintiv and Apple to meet for a settlement conference on June 8. The conference is meant as the last formal step before the two sides head to a full trial, with the intention of arranging a settlement before reaching that point.

The court-ordered settlement conference, reported by Fox Business, is the latest event in a lengthy lawsuit that stems back to December 2018. At that time, Fintiv launched the lawsuit against Apple, taking aim at Apple Wallet and Apple Pay.

Fintiv was previously founded in 2010 under the name Mozido, Inc, as a fintech firm with a mobile cloud commerce platform. It holds a number of patents relating to those technologies.

The patent in question was acquired by the company and deals with the “management of virtual cards stored on mobile devices. This includes the “provisioning of a contactless card in a mobile device with a mobile wallet application,” with Apple said to be infringing on claims with its products and services.

Source

Ad - Starter Web Hosting from SiteGround - The easiest start for your website. Click here to learn more.

TECH GADGET

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top