After scoring more than $300 million in total damages from two juries in patent infringement lawsuits against Wells Fargo Bank, San Antonio’s USAA has set its sights on another big bank.
USAA this week sued PNC Bank in an East Texas federal court alleging the Pittsburgh-based financial institution infringed two USAA patents for technology that allows users to deposit checks using mobile devices.
The complaint against PNC Bank involves two patents that were not asserted against Wells Fargo.
On ExpressNews.com: USAA wins another big verdict against Wells Fargo
“We have spent significant time and resources transforming our technology from an idea on a whiteboard to the service our members enjoy today and led to a revolution in consumer banking,” Nathan McKinley, USAA vice president of corporate development, said in a statement.
PNC Bank didn’t immediately respond to an email seeking comment.
USAA provides insurance and financial services to about 13 million members, made up of current and former members of the military and their families.
Earlier this year, USAA said nearly every U.S. bank and credit union uses remote deposit capture technology, benefiting some 87 million consumers.
The technology allows bank customers to use their mobile devices to photograph and then deposit checks without visiting a branch or sending checks by mail. USAA said it pioneered the technology to help its customers, many of whom are deployed outside the U.S.
Three years ago, USAA began reaching out to banks and credit unions across the country offering a “licensing program” to pay for the patented technology surrounding remote deposit capture capabilities that it has said it developed about 15 years ago. The company launched its Deposit@Mobile product in 2009.
USAA declined to reveal whether any financial institutions have licensed the technology, but said it continues to seek “reasonable and mutually beneficial licensing agreements” with them.
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