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Wells Fargo under fire from USAA over remote deposit capture patent

June 11, 2018

The United Services Automobile Association (USAA) is suing on grounds of intellectual property charges for unspecified damages, over USAA’s remote deposit capture patents.

San Antonio-based USAA claims to have invented such tech, and thus started demanding licensing fees from banks around a year ago.

“We’ve been abundantly patient with Wells Fargo,” Nathan McKinley, a USAA vice-president and its head of corporate development, said in an interview with American Banker. “Now is the time for us to get the court’s assistance.”

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