CUNA will host a webinar Nov. 20 discussing patent enforcement of certain remote deposit capture (RDC) technology, particularly in the wake of the $200 million verdict awarded to USAA from Wells Fargo earlier this month. The webinar is free for CUNA members, and is scheduled to begin at 1 p.m. (ET).
CUNA Senior Director for Advocacy for Payments and Cybersecurity Lance Noggle and CUNA’s patent litigation attorneys Mike Rounds and Adam Yowell, of Brownstein Hyatt Farber Schreck will discuss the background of the issue, the court decision against Wells Fargo and what ramifications that decision could have for credit unions.
USAA filed suit in June 2018 against Wells Fargo alleging that the bank infringed on certain USAA patents for remote check capture (RDC), specifically patents related to mobile check capture.
Credit unions around the country have received letters from USAA asking them to negotiate licensing deals for using RDC technology that USAA claims it developed.
A recorded version of the event will be available the following day to those who registered, and interested parties can also register for the recorded version separately.