USAA has filed a patent infringement lawsuit against PNC Bank which alleges PNC Bank infringes USAA patents related to mobile remote deposit (RDC) technology. This suit follows two successful jury verdicts against Wells Fargo for infringing USAA patents related to RDC. As part of USAA’s commitment to ensuring that the investments of its members are protected, the current suit includes two new RDC patents that were not asserted against Wells Fargo.
USAA pioneered mobile RDC technology to help military families because their lifestyles make getting to the bank difficult, particularly if they’re out at sea or deployed outside the U.S. This technology has been adopted by numerous banks and allows customers to use their mobile devices to photograph and then deposit checks without visiting a branch or sending checks by mail.
USAA continues to seek opportunities to create reasonable and mutually beneficial licensing agreements with banks and credit unions for the legal use of USAA’s RDC patents.
“We have spent significant time and resources transforming our technology from an idea on a whiteboard to the service our members enjoy today and led to a revolution in consumer banking,” said Nathan McKinley, USAA vice president of corporate development. “Our goal has always been to be reasonably compensated for the benefits that others in the industry have received from using our RDC patents.”
Any funds received as a result of any verdict and future royalty payments coming from licensing of the patents will be put back into the association to better serve members.