VISA Gets It In The Ass ! - GoFuckYourself.com

Toker · 05-20-2003, 06:49 PM

Visa sued over online authentication patent
IDG News Service 5/12/03

Joris Evers, IDG News Service, Amsterdam Bureau
Visa USA Inc. and Visa International Service Association have been sued by two technology companies who claim that the credit card companies stole their patented technology for authenticating credit card holders in online transactions.

Starpay.com LLC, of Oklahoma, and VIMachine Inc., of Delaware, claim they shared information on a patented payer authentication technology with Visa and that Visa subsequently filed its own application for a patent based on that information. The companies also allege that Visa's payer authentication service, VPAS, infringes on their patented technology, according to a copy of the complaint filed Thursday in the U.S. District Court for the Northern District of Texas.

Starpay and VIMachine are seeking unspecified damages. No one from Visa USA or Visa International could be reached for comment late Friday.

The patent in question covers a system in which a transaction administrator, such as a credit card company, sits between an online vendor and a buyer to confirm a transaction when a purchase is made. After confirmation, the vendor completes the transaction, according to the description of the patent, number 5,903,878, on the U.S. Patent and Trademark Office Web site.

KRL · 05-20-2003, 06:51 PM

Another Patent gone wrong. Hmmmm do tell.

psyko514 · 05-20-2003, 06:52 PM

I wanna get patents on stuff too!

freeadultcontent · 05-20-2003, 06:53 PM

Maybe now it will get congressional attention.

KRL · 05-20-2003, 06:57 PM

Quote:

Originally posted by psyko514
I wanna get patents on stuff too!

Yeh they are totally cool. A healthcare technology patent I worked on and helped develop for two years is almost to the grant stage now. And we already got the company we have the patent under acquired by a publicly traded healthcare company.

Mucho opportunities in patents these days. Its not that hard. Just got to have something cutting edge and be able to handle the USPTO's paperwork process and years it takes to get your grant.

Mr.Fiction · 05-20-2003, 07:01 PM

Visa never gets fucked, they just pass the costs on to you and me. That's the great thing about being a monopoly. You can do whatever you want.

m0rph3us · 05-20-2003, 07:08 PM

Vote to Impeach the Patent Office

05-20-2003, 06:49 PM	#1
Toker Confirmed User Join Date: Feb 2003 Location: USA Posts: 891	VISA Gets It In The Ass ! Visa sued over online authentication patent IDG News Service 5/12/03 Joris Evers, IDG News Service, Amsterdam Bureau Visa USA Inc. and Visa International Service Association have been sued by two technology companies who claim that the credit card companies stole their patented technology for authenticating credit card holders in online transactions. Starpay.com LLC, of Oklahoma, and VIMachine Inc., of Delaware, claim they shared information on a patented payer authentication technology with Visa and that Visa subsequently filed its own application for a patent based on that information. The companies also allege that Visa's payer authentication service, VPAS, infringes on their patented technology, according to a copy of the complaint filed Thursday in the U.S. District Court for the Northern District of Texas. Starpay and VIMachine are seeking unspecified damages. No one from Visa USA or Visa International could be reached for comment late Friday. The patent in question covers a system in which a transaction administrator, such as a credit card company, sits between an online vendor and a buyer to confirm a transaction when a purchase is made. After confirmation, the vendor completes the transaction, according to the description of the patent, number 5,903,878, on the U.S. Patent and Trademark Office Web site. __________________ PeaceAlive and kicking

05-20-2003, 06:51 PM	#2
KRL Entrepreneur Join Date: Oct 2002 Location: USA Posts: 31,429	Another Patent gone wrong. Hmmmm do tell. __________________ If you would like to develop your domains, you can lease inexpensive foreign labor from the leaders in the field at iWebmasters.com TO LOWER YOUR COSTS AND INCREASE YOUR PRODUCTION! * * * * * * * * * * * * Domains Adult News KRL's Newsletter Biz Tips Just Listed Domains

05-20-2003, 06:52 PM	#3
psyko514 See sig. Join Epic Cash. Join Date: Oct 2002 Location: Montreal, Quebec. ICQ: 214702014 Posts: 22,366	I wanna get patents on stuff too! __________________ Bad Girl Bucks - 50% Revshare through CCBill. Promote BrandyDDD, Pixie's Pillows, Action Allie and more! Phoenix Forum Pics \| Webmaster Access Montreal pics email: psyko514(a)gmail.com \| icq: 214-702-014

05-20-2003, 06:53 PM	#4
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05-20-2003, 07:01 PM	#6
Mr.Fiction Confirmed User Join Date: Feb 2002 Location: Free Speech Land Posts: 9,484	Visa never gets fucked, they just pass the costs on to you and me. That's the great thing about being a monopoly. You can do whatever you want.

05-20-2003, 07:08 PM	#7
m0rph3us Confirmed User Join Date: Mar 2001 Location: Principality of Sealand Posts: 2,033	Vote to Impeach the Patent Office