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.”
