Monday, September 5, 2011

SmartMetrics promises suit against Visa, MasterCard

SmartMetrics Inc. Chief Executive Officer and President C. Hendrick said his company will sue Visa Inc. and MasterCard Worldwide to protect a SmartMetrics patent. SmartMetrics alleges Visa and MasterCard infringe on its U.S. Patent 6,792,464 (also known as '464') in their use of contactless or radio frequency identification technology to connect to a network.

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