BENZINGA
June 20, 2019 12:00am
BOSTON, June 20, 2019 /PRNewswire-PRWeb/ — Blackbird Technologies has settled a patent infringement lawsuit related to secure online transactions.
Blackbird Technologies filed a patent infringement lawsuit against HSBC Bank USA, N.A. in March 2019 in the United States District Court for the District of Delaware (19-cv-00462). Three patents were asserted — US Patent No. 7,958,214, US Patent No. 8,285,832 and US Patent No. 9,424,848, all relating to technology for secure authorization of online transactions. Last month, Blackbird Technologies settled the case with HSBC.
Wendy Verlander, President and CEO of Blackbird Technologies, stated, “This technology, which has become ubiquitous in banking and other industries, was invented by a small company. We are thrilled to continue to help inventors and small companies benefit from their important inventions.”
Blackbird Technologies provides a unique opportunity for individual inventors and small companies to realize the value of their patents. By using in-house expertise, rather than expensive law firms, Blackbird Technologies is able to litigate at reduced costs and achieve results that equal or exceed what a law firm would recover. This company creates efficiencies that make it possible for individual inventors and small companies to see the end game – realizing the true value of their patents.