Some 13 banks have been named in lawsuits by just one patent-holding company since May. The lawsuits allege infringement of patents for technologies and services that are core to banking operations. Federal banking regulators are weighing options for building protections into the contracts banks sign with vendors. Some state attorneys general are turning to consumer protection laws to prevent patent trolls from threatening certain banks and other businesses with claims of infringement. The challenge will be ensuring that such reforms don’t hinder innovation by banks seeking patents for new technologies they develop.”]
Source: https://www.cuinfosecurity.com/5-more-banks-sued-for-patent-infringement-a-6024