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Data Firm Sues JPMorgan Over Payment Tech Patents

Anonos Innovations LLC alleges JPMorgan Chase infringes on three patents related to tokenized payment processing in a federal lawsuit filed in Texas.

Quincy Quill

July 20, 20261 min read

Corporate Patent Dispute - illustration, Jake Team LLC
Corporate Patent Dispute - illustration, Jake Team LLC

Anonos Innovations LLC has filed a patent infringement lawsuit against JPMorgan Chase Bank, alleging that the financial institution’s payment systems violate proprietary technology designed to protect customer and merchant data.

The complaint, lodged on July 17 in the US District Court for the Eastern District of Texas, targets specific JPMorgan products including the JPMorgan Commerce Platform, the Helix Merchant-Acquiring Payment Processing Platform, and Helix Connect. The suit claims these platforms facilitate tokenization-supported payment processing that infringes on three of Anonos’s US patents: Nos. 9,087,215, 9,087,216, and 9,129,133.

According to the legal filing, JPMorgan has willfully infringed these patents since at least the start of 2017. The complaint asserts that bank executives attended data privacy presentations during that period, providing them with knowledge of the technology in question.

The lawsuit seeks remedies for the alleged unauthorized use of the patented methods. Details regarding potential damages or the specific technical mechanisms of the infringement were not fully detailed in the initial filing summary.

JPMorgan Chase has not yet issued a public response to the allegations. The case is now pending in the Eastern District of Texas court system.

JPMorgan Chase employs about 11,261 people in Plano, according to local government records.

Source: Bloomberg Law News.

Sources

https://news.bloomberglaw.com/ip-law/jpmorgan-chase-sued-by-data-privacy-firm-for-patented-technology

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Quincy Quill

Quincy Quill reports on local business, new openings, and economic development in Plano.

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