Apple Pay Violates Patents Held by Security Technology Inventor, Lawsuit Alleges

By May 22, 2017 May 30th, 2017 Media

May 22, 2017 – The New York Times by Vindu Goel
A small Boston company, founded by the inventor of a popular corporate encryption technology called RSA SecurID, sued Apple and Visa on Sunday, arguing that the Apple Pay digital payment technology violates its patents.

The lawsuit, filed by Universal Secure Registry in Federal District Court in Delaware, says that its chief executive, Kenneth P. Weiss, received 13 patents for authentication systems that use a smartphone, biometric identification such as a fingerprint and the generation of secure one-time tokens to conduct financial transactions.

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