VISA Gets It In The Ass !
 

Visa sued over online authentication patent
IDG News Service 5/12/03

Joris Evers, IDG News Service, Amsterdam Bureau
Visa USA Inc. and Visa International Service Association have been sued by two technology companies who claim that the credit card companies stole their patented technology for authenticating credit card holders in online transactions.

Starpay.com LLC, of Oklahoma, and VIMachine Inc., of Delaware, claim they shared information on a patented payer authentication technology with Visa and that Visa subsequently filed its own application for a patent based on that information. The companies also allege that Visa's payer authentication service, VPAS, infringes on their patented technology, according to a copy of the complaint filed Thursday in the U.S. District Court for the Northern District of Texas.

Starpay and VIMachine are seeking unspecified damages. No one from Visa USA or Visa International could be reached for comment late Friday.

The patent in question covers a system in which a transaction administrator, such as a credit card company, sits between an online vendor and a buyer to confirm a transaction when a purchase is made. After confirmation, the vendor completes the transaction, according to the description of the patent, number 5,903,878, on the U.S. Patent and Trademark Office Web site.

Another Patent gone wrong. Hmmmm do tell.

:1orglaugh

I wanna get patents on stuff too!

Maybe now it will get congressional attention.

Yeh they are totally cool. A healthcare technology patent I worked on and helped develop for two years is almost to the grant stage now. And we already got the company we have the patent under acquired by a publicly traded healthcare company.

Mucho opportunities in patents these days. Its not that hard. Just got to have something cutting edge and be able to handle the USPTO's paperwork process and years it takes to get your grant.

Visa never gets fucked, they just pass the costs on to you and me. That's the great thing about being a monopoly. You can do whatever you want.

Vote to Impeach the Patent Office :thumbsup