Recording now available of CUNA’s RDC litigation webinar

CUNA members can now access a free recording of a webinar outlining the latest development in patent litigation brought against several credit unions involving remote deposit capture (RDC) technology. The live version of the webinar hit capacity, with 1,000 credit unions registering to attend.

A law firm representing USAA began sending out patent licensing demands to many credit unions in late 2017, alleging those institutions were infringing on a USAA patent involving RDC services.

The letters offer credit unions the change to pay a “licensing fee” for continued use of the RDC software or face legal action. The letters do not identify specific software.

The law firm followed up these letters in 2018 with letters repeating the allegations and offering “Special Limited Time Pricing” via a lump sum.

 

continue reading »