Secure Axcess Reaches Settlement in Patent Case with Six Banks


Secure Axcess, an Internet security technology company, has settled a patent infringement lawsuit with six banks and a credit union.

The financial institutions have licensed Secure Axcess's eponymous identity and access management technology, the Prism Technologies unit said Monday. Secure Axcess's technology relates to the use of a security image for authentication, which is meant to protect online customers from phishing and other forms of fraud.

The companies that agreed to the settlement are: the $95.2 billion-asset Harris Bank in Chicago, which was rebranded by BMO Financial Group as BMO Harris Bank last year; the $2.1 billion-asset American National Bank of Texas in Terrell; the $1.3 billion-asset Austin Bank in Jacksonville, Texas; the $792 million-asset Citizens 1st Bank in Tyler, Texas; the $845 million-asset First Bank & Trust East Texas in Diboll; the $1.2 billion-asset North Dallas Bank & Trust; and InTouch Credit Union in Plano, Texas.

Bank of America (BAC), BBVA Compass, ING Bank and 11 other financial institutions remain as defendants in the case.

Secure Axcess is being represented by Nix, Patterson & Roach, the Texas law firm that represented check-processing company DataTreasury in its patent infringement lawsuit against dozens of banks.

The patent infringement case was filed in the Tyler Division of the U.S. District Court for the Eastern District of Texas.



'The Law Penalizes the Consumers It Set Out to Protect': Comments of the Week

American Banker readers share their views on the most pressing banking topics of the week. As excerpted from the Comments sections of articles.

(Image: Fotolia)

Comments (0)

Be the first to comment on this post using the section below.

Add Your Comments:
Not Registered?
You must be registered to post a comment. Click here to register.
Already registered? Log in here
Please note you must now log in with your email address and password.

The Most Influential Women in Payments

What does it take to lead in the still-mostly-male world of payments? This year's 20 Most Influential Women in Payments share stories about how they got to the top, their vision for the future of payments (hint: it's mainly mobile), and advice to other women working their way up the ladder.

A Newsletter featuring Bank Technology News' top stories plus special reports and data

Already a subscriber? Log in here
Please note you must now log in with your email address and password.