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January 06, 2012 07:00 AM Eastern Time
CHICAGO--()--Card Activation Technologies Inc. (Pink Sheets: CDVT)—Card Activation Technologies, Inc. (“Card”) filed its opening brief of appellant in the United States Court of Appeals for the Federal Circuit on Thursday, December 29, 2011. Card is appealing from a July 2011 adverse ruling by the Federal District Court for the District of Delaware that invalidated its Patent.
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 debit cards, infringe its patent. As a result, the company is aggressively pursuing litigation against these infringers.
