PLANO, Texas--(BUSINESS WIRE)--Secure Axcess LLC, a Texas-based company specializing in internet security technology, announced today that Chicago-based Harris Bank and six other financial institutions have settled patent infringement litigation with the firm and have licensed its identity and access management (IAM) technology.
Secure Axcess’s technology relates to the use of a security image for authentication, and it is widely used by the banking industry to protect online customers from “phishing” and other forms of fraud. It was originally developed by engineers working at American Express and is covered by U.S. Patent No. 7,631,191.
American National Bank of Texas, Austin Bank, Citizens 1st Bank, First Bank & Trust East Texas, Harris Bank, InTouch Credit Union, and North Dallas Bank & Trust have licensed the technology covered by U.S. Patent No. 7,631,191. Each has been released from the patent infringement litigation filed by Secure Axcess. Bank of America, BBVA Compass, ING Bank, and 11 other financial institutions remain active defendants in the case.
“We are pleased that Harris Bank and the other new licensees have chosen to respect our intellectual property rights,” said Gerald C. Korth, president of Secure Axcess. “We are confident that Bank of America and the other defendants will follow suit. If they do not, Secure Axcess is prepared to enforce those rights.”
Secure Axcess is represented in this matter by Nix, Patterson & Roach, the Texas-based law firm known for representing the check-processing company DataTreasury Corp. in its successful patent infringement litigation against Bank of America, JPMorgan Chase, Citibank, and dozens of other major banks.
The patent infringement case filed by Secure Axcess is styled Secure Axcess, LLC v. Bank of America, et al., Case No. 6:10-cv-00670-LED, in the Tyler Division of the U.S. District Court for the Eastern District of Texas.
About Secure Axcess LLC
Secure Axcess is a subsidiary of Prism Technologies LLC. Prism was formed in 2003 by a group of seasoned professionals with a passion for technical innovation and intellectual property. Secure Axcess was formed in 2010 and embodies the entrepreneurial spirit of its founders, who have dedicated their careers to building successful high-tech businesses from their own inventions since 1980. For more information, please visit SecureAxcess.com.
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