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After Winning $200 Million in Court, Where Will USAA Go Next?

DelphineDAoust January 22, 2020 Analysts Coverage

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You may have seen the News a week Which USAA Acquired a court Struggle that will require Wells Fargo to pay for the company $200 million, even should the decision stand. The dispute is remote deposit catch; the skill to send a photo of a test and also have that image of a test deposited to a single account.

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USAA states that it possesses the best to the tech that Wells Fargo was using without even royalties. An post from the American Banker emphasized the crucial events in this almost eight-year-old instance:

Be looking for much more of the action shortly:

USAA stated in a statement it"continues to search opportunities To create sensible and mutually favorable licensing arrangements with both banks and credit unions. ''''We expect that the industry admits this decision as further signs of this enforceability of those patents," explained Nathan McKinley, vice president of business development in USAA.

While extra entanglements exist with this particular conflict, such as an Apply it to additional monies, earlier check volumes fall substantially farther.

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