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Fiserv files e-payments patent suit vs. FIS
BROOKFIELD, Wis. (1/9/12)--Fiserv Inc., a global provider of financial services technology solutions, Thursday reported that two of its wholly owned subsidiaries have filed an e-payments patent infringement lawsuit against Fidelity National Information Services Inc. (FIS), and Metavante Corp., a wholly owned subsidiary of FIS.

The suit was filed in the U.S. District Court for the Middle District of Florida. The Fiserv subsidiaries are CheckFree Corp. and CashEdge Inc.

The lawsuit alleges that FIS infringes on Fiserv's patents when it provides customers with certain financial and payment solutions, including FIS's Payment Manager products, which process inter-bank account-to-account fund transfers, process payment instructions, and provide electronic biller notifications as a part of its electronic bill-payment processes.

"Fiserv is a leader in providing innovative and complex technology solutions and has devoted significant resources developing and maintaining an extensive intellectual property portfolio," the company said in a statement.

"These valuable assets, and the patent protection Fiserv has been granted, enable Fiserv to create and deliver cutting-edge technologies that meet evolving market needs," Fiserv added. "We have a responsibility to protect our intellectual property from further infringement and exploitation."

Fiserv is based in Brookfield, Wis.


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