DALLAS - Entrust Inc. filed a patent infringement suit Wednesday against Addison Avenue FCU claiming the credit union giant implemented an online authentication system that infringes its grid authentication patent. The Entrust patent covers all methods for online log-on some form of grid authentication with or without an accompanying password. Entrust claims the $1.8 billion credit union deployed its online authentication technology without a license from Entrust. The suit was filed in U.S. District Court for the Northern District of California. An official with the credit union said they had no comment on the suit at this time.
-
The Bank of England may cap ownership, drawing ire from crypto groups that claim that will hinder innovation.
3m ago -
Visa is introducing a premium service to the Middle East, and Lloyds Banking says its cash protection product is showing results. Plus, Brex teams up with Doordash and more in the American Banker global payments and fintech roundup.
50m ago -
A report from Democratic staff on the Senate Permanent Subcommittee on Investigations said accounting firm KPMG gave Silicon Valley Bank, Signature Bank and First Republic clean audits despite internal warnings, fraud allegations and apparent risks of failure.
1h ago -
Each year, American Banker chooses five teams that embody the spirit of collaboration and illustrate how teamwork can have a substantial impact on a bank's top and bottom lines.
5h ago -
The goal of the regional banking team members is to partner across their respective business lines or service areas to bring in more clients to BofA and to better serve existing clients.
5h ago -
Led by chief SBA lending officer Anna Chung, the team oversees Hanmi's Small Business Administration lending operation, a longstanding component of the $7.8 billion-asset company's business model.
5h ago