PLANO, Texas--(BUSINESS WIRE)--Aug. 14, 2006--DataTreasury Corporation, a Texas-based check-processing company, today announced that Merrill Lynch has acquired a license to utilize six of DataTreasury's financial transaction patents on a worldwide basis. These patents relate to technologies involved in the electronic processing of checks and other financial instruments, and they are currently the basis of a series of high-profile patent-infringement lawsuits DataTreasury has filed against a number of banks and financial services companies. This litigation is being handled by attorneys Ed Hohn and Rod Cooper, partners in the Dallas office of Nix, Patterson & Roach, LLP. At no time was Merrill Lynch a defendant in this litigation.
The terms of Merrill Lynch's licensing agreement are confidential. Other licensees of DataTreasury's patented technologies include banking giant J.P. Morgan Chase, check-imaging innovator NetDeposit, Inc., banking software provider Community Banking Systems, check-imaging specialist RDM Corporation, and point-of-sale hardware manufacturer Groupe Ingenico.
About DataTreasury Corporation
A privately owned company, DataTreasury was formed in 1998 and is built around an extensive patent portfolio, which includes patents covering its Global Repository Platform, the world's most functional and secure informational management system. Several countries have recognized the patentability of this technology, and DataTreasury has many other pending patent applications surrounding this system. For further information on DataTreasury, please visit www.datatreasury.com.