adminAccording to CUNA, Credit unions that utilize remote deposit capture (RDC) technology are receiving letters from a law firm “inviting” them to negotiate a patent licensing deal for the use of the technology.
The law firm that represents USAA claims to have developed the technology that credit unions are using. Most credit unions use vendors for RDC services and products; however, it appears that USAA is asserting patent infringement claims against credit unions directly instead of vendors. If your credit union offers or plans to offer RDC services to members, it needs to be aware of the USAA’s claims.
On March 21, 2018, CUNA held a webinar and touched on the topics below:
• Happenings with the USAA RDC
• Steps to ensure you insulate your credit union from possible patent infringements
• How to plan a response to USAA claims
An update webinar is planned on Oct. 30 from 3:30 p.m. to 5 p.m. ET. Register here now. If you are unable to attend the update live webinar, register for the free recording.
