Fiserv and Federal Reserve Banks Sued for Patent Infringement

January 23, 2007, 7:18 p.m. EST 1 Min Read

ST. LOUIS – A Canadian software has filed suit in federal court here against Fiserv and three client Federal Reserve Banks claiming that Fiserv is infringing on its patent for check fraud software. Advanced Software Design, of Richmond Hill, Ontario, claims that Fiserv’s FraudGuard Secure Seal Positive Pay check fraud software, which it has licensed to the Federal Reserve Banks of St. louis, Philadelphia and Atlanta, infringes on three of its patents. The suit, filed Jan. 22, seeks a court order preventing Fiserv from further infringement on the patents and for compensation.

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