CUNA hosted a free, members-only webinar Wednesday on credit unions getting hit with requests for a patent licensing deal for use of remote deposit capture (RDC) services. Nearly 500 credit union representatives participated in the webinar. A free recording can be found here.
A law firm representing USAA is contacting financial institutions “inviting” them to negotiate a patent licensing deal with USAA for use of the technology.
Notably, the law firm is contacting credit unions and other financial institutions directly, rather than the vendors that supply these services.
During the one-hour webinar, CUNA advocacy and legal experts discussed:
CUNA is currently developing an advocacy strategy for the issue, and urges credit unions that have received such letters to contact CUNA at USAA.Patent@cuna.coop.