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Metropolis Reality Forums « AT&T Sues Paypal and Ebay over Patent »

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AT&T Sues Paypal and Ebay over Patent
« on: Nov 22nd, 2003, 5:08am »		 Quote Quote Modify Modify
PHILADELPHIA (Reuters) - Long-distance telephone company AT&T Corp. said Thursday it filed a lawsuit against PayPal Inc. and eBay Inc., saying their online payment systems violated its patent on secure Internet payments.
 
AT&T said its patent covers transactions in which a trusted intermediary securely processes payments over a communications system such as the Internet.
 
The use of an intermediary ensures that one party will not have to disclose sensitive information, such as a credit card number or bank account number, directly to the other party in a deal.
 
In the lawsuit, which was filed in federal district court in Delaware, AT&T said it notified the companies more than a year ago that they were using technology patented in 1994.
 
AT&T offered to license the patented technology to each of the companies, but it said eBay (EBAY: down $0.26 to $52.78, Research, Estimates) and its PayPal unit have refused to pay for a license. A copy of the lawsuit was obtained by Reuters.
 
http://money.cnn.com/2003/11/20/technology/att_paypal.reut/index.htm?cnn =yes
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