Finance

AuthWallet Sues Financial Transaction Industry For Patent Infringement – Patent



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AuthWallet brought suit against Amarillo National Bank,
Cullen/Frost Bankers, Inc., Fiserv, Inc. in the Western District of
Texas on February 22, 2023. AuthWallet has also sued Omni Hotels
Management Corporation, Hotels.com and Small Luxury Hotels of the
World Management, Inc. in other Texas Federal Courts in 2022.
Earlier, AuthWallet sued credit card processors for infringing
different patents on similar technology.

AuthWallet alleges it is the owner of U.S. Patent No. 8,099,368.
AuthWallet claims the ‘368 Patent claims an invention relating
to methods and systems for processing financial transaction data in
a server. The patent states that the invention is “useful to
consumers to be able to manage multiple payment instruments in a
simple fashion.” ‘368 Patent Col. 2:2-3.

The infringement allegations against the credit card companies
involved “purchase alert systems” – systems that
track purchases by a specific credit card in some cases and by
systems that allowed purchase with points in other cases.
AuthWallet’s attack on the hotel industry related to the
operation of online platforms that accepted credit cards.

Now, AuthWallet’s accusations focus on apps used by
financial institutions that allow customers to use credit cards
through mobile pay applications.

Some of the recently filed cases are:

  • AuthWallet, LLC v. Amarillo National Bank, Case No.
    6:23-cv-00140 (W.D. Tex. filed eb. 22, 2023)

  • AuthWallet, LLC v. Cullen/Frost Bankers, Inc., Case No.
    6:23-cv-00143 (W.D. Tex. filed Feb. 22, 2023)

  • AuthWallet, LLC v. Fiserv, Inc., Case No. 6:23-cv-00145 (W.D.
    Tex. filed Feb. 22, 2023)

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