Jury Finds Wells Fargo Owes USAA $200 Million For Patent Infringement Of Mobile Check Depositing

[TexasTowelie]

An East Texas jury found Wells Fargo willingly infringed on mobile check deposit patents held by USAA.

A jury found unanimously in favor of the United Services Automobile Association Wednesday and ordered Wells Fargo to pay USAA $200 million.

Wells Fargo and more than 100 other banks were warned by USAA in 2017 they were infringing on the technology which USAA had developed for its military members.

Nathan McKinley is the vice president of corporate development at USAA, and he said in a press release that the verdict given on Wednesday is an acknowledgement of the company's value and innovation.

Read more: https://www.tpr.org/post/jury-finds-wells-fargo-owes-usaa-200-million-patent-infringement-mobile-check-depositing

[NCLefty]

1. Wells Fargo is just brazen.