DataTreasury, located in Plano, Texas, United States, develops, acquires and licenses technology for secure check image capture and storage. As of 2010 the company had 2 employees, about 1000 shareholders and had generated over $350 million in licensing revenue in the previous four years. The company has a … See more Claudio Ballard founded DataTreasury in 1998 in Melville, New York, to market technology that processes electronic checks and other documents and related payment-processing tools utilizing patents prosecuted and … See more In April 2011, Ted Doukas sued DataTreasury claiming that he was a financial backer of Claudio Ballard when Ballard was working on the image capture technology and was therefore entitled to one half of the proceeds from the invention. The total … See more Ballard patents In 2002, DataTreasury sued 56 banks and other companies, including JPMorgan Chase and First Data, for infringing the Ballard patents. In 2003, the U.S. Congress passed the Check Clearing for … See more Former congressman Steve Bartlett, president of the Financial Services Roundtable, said that DataTreasury's lawsuits are "an example of what's wrong with patent law." … See more WebFeb 7, 2003 · Plaintiff DataTreasury Corporation is the assignee of two utility patents for a system of remote data acquisition and centralized processing and storage known as the …
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WebDataTreasury Corporation“DTC”) patented check processing technology. ’s (The negotiated license agreement granted JPMC unlimited use of the patented technology both as to … WebOn the same day the U.S. Senate passed a patent reform bill containing a provision targeting DataTreasury Corp.'s check-imaging patents, the company launched a new … earth magick
DataTreasury, U.S. Bancorp Settle Image-Capture Patent Dispute
WebThe case is DataTreasury Corp. v. Wells Fargo & Co. et al., case number 2:06-cv-00072, in the U.S. District Court for the Eastern District of Texas. --Additional reporting by Jocelyn Allison For a ... WebAug 9, 2016 · DataTreasury Corporation sued JP Morgan Chase Bank, N.A. for willful infringement of patents relating to electronic check-processing systems. In 2005, they settled the case, and JP Morgan received a license in exchange for a lump-sum payment of $70 million, paid in installments of $30 million in 2005, $5.5 million each year from 2006 to … earth magic pdf