Chicago, IL. (June 9, 2010) –PIN Debit News Blog - Card Activation Technologies ((Pink Sheets: CDVT), owner of U.S. Patent No. 6,032,859,a patent covering a method for the activation and processing of transactions related to debit styled cards, which include gift cards, phone cards and other stored value cards, announced today that the United States District Court for the District of Delaware entered a Markman Order construing terms of the ‘859 Patent in a manner favorable to Card Activation Technologies. If you're interested, here's the April 6 press release announcing the initial patent infringement suit against 10 retailers including Blockbuster, Macy's and Nordstrom's...
About Card Activation Technologies Inc. Card Activation Technologies, Inc. is a Chicago-based company that owns the patent rights to a proprietary payment transaction method used for processing gift cards and other debit purchase transactions. The company is actively seeking to license its patent to the thousands of current users and believes that many retailers, gas stations, phone companies and others that utilize those stored value cards, such as gift and debitcards, infringe its patent. As a result, the company is aggressively pursuing litigation against these infringers. The Delaware action was brought against Card Activation by Stored Value Solutions Inc., a provider of gift cards and gift card processing to many infringing retailers. For further information about Card Activation Technologies go towww.cardactivationtech.com |