SmartMetric claims patent infringement by MasterCard, Visa
02 June, 2010
category: Contactless, Financial
SmartMetric Inc. filed a complaint in United States District Court for patent infringement. The company claims that Visa’s payWave and MasterCard’s PayPass technologies infringe on a company patent.
The company claims that it was issues a patent in September 2004 for a “System for Automatic Connection to a Network” that includes the contactless payments systems that MasterCard and Visa are issuing.