Deseret Morning News (6.16.05)
Salt Lake-based NetDeposit Inc., a subsidiary of Zions Bancorp., announced Wednesday that it has settled its patent infringement dispute with DataTreasury Corp., a Long Island-based technology company.
As part of the agreement, NetDeposit Inc. announced it has licensed DataTreasury patents, settling claims made by DataTreasury against NetDeposit for infringement of those patents. Details about the licensing agreement were not disclosed.
NetDeposit's electronic check processing products were at issue in one of several lawsuits brought by DataTreasury claiming several banks and check processors violated its patents relating to certain methods used in electronic check processing and archiving electronic images.