Apple and Visa charged for digital payment

Apple and Visa charged for digital payment

Tech May 22, 2017 13:03

san francisco - Apple and credit card company Visa have been charged with violating patents in the field of digital payment techniques. The claimant is Universal Secure Registry, a company that made its name with the popular business encryption software RSA SecurID, writes The New York Times.

The Universal Secure Registry Director, Kenneth Weiss, has thirteen patents for authentication using a smartphone, biometric identification (such as a fingerprint), and generating tokens to perform such a transaction. According to Weiss, he held several consultations with Visa in 2010 to co-operate with this technology. Visa never closed a license. Weiss also sought contact with Apple, but the computer builder never responded.

Three years later, Apple and Visa worked together with MasterCard and American Express, which resulted in Apple Pay in 2014. According to Weiss, Visa and Apple infringed its patents. Apple refuses to respond to the issue yet and Visa does not want to lose anything.

Although Weiss has tried a lawsuit, he still hopes for an agreement with both companies. 'My intention is still to sit in a meeting room and to solve it,' he said.

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