CUNA sets free webinar on RDC litigation for Oct. 30
CUNA will conduct a webinar Tuesday to discuss letter received by certain credit unions from law firms calling for negotiation of a patent licensing deal for remote deposit capture (RDC). Registration is open for the webinar, which is scheduled for 3:30 to 5 p.m. (ET) Oct. 30.
A law firm that represents USAA claims to have developed the technology that credit unions are using. Most credit unions use vendors for RDC services and products, and it appears that USAA is asserting patent infringement claims against credit unions directly instead of vendors.
Credit unions offering, or planning to offer, RDC services to members should be aware of the USAA's claims, the impact of litigation against other financial institutions that offer RDC and possible steps that can be taken by credit unions to invalidate patents.
The free webinar will discuss:
- The latest happenings with the USAA RDC and the possible impact of litigation against Wells Fargo;
- Steps credit unions can take to insulate it from possible patent infringements; and
- How to plan a response to USAA claims.