Thursday, January 3, 2013

Harland Clarke Corp Sued over Fraud Protection

Plaintiff: EZShield

Defendant: Harland Clarke Corp

Case Number: 1:13-cv-00001

Date Filed: January 01, 2013

Court: Maryland District Court

Patent-in-Suit: US8346637

The US8346637 patent is currently assigned[i] to BNP Paribas, New York branch (as administrative agent) (source: Maxval’s Assignment Database). The patent entitled System and method for providing recovery for victims of check fraud was issued on January 01, 2013 and expires[ii] by October, 14, 2023.

The patent describes a method for a consumer to protect against loss associated with specified forms of check fraud. Upon purchasing checks, a consumer can subscribe to a check fraud protection program. The subscription will enable the consumer to obtain reimbursement from the check printer for the consumer's losses due to specified causes. The consumer reciprocally assigns any right of recovery from the consumer's bank or financial institution to the check printer, which can then seek reimbursement from the bank, or financial institution and institute proceedings against the fraud perpetrator. A symbol to indicate such protection is also disclosed.

About the Parties:
EZShield provides identity theft protection and restoration services in the United States and Canada. The company's identity protection services include check fraud protection, identity restoration, and vault safety deposit, as well as credit, Internet, names and addresses, and public records monitoring. It offers prevention, detection, and restoration services for financial institutions, benefits administrators, insurers, small business owners, and individuals. The company was founded in 2001 and is based in Palo Alto, California with corporate sales, software development, and customer support center in Forest Hill, Maryland.

Harland Clarke Corp., together with its subsidiaries, provides check and related products, technology products, and data management solutions worldwide. The Harland Clarke segment offers checks and related products, forms and treasury supplies, and related delivery and fraud prevention products to financial services, retail, and software providers. The company is headquartered in San Antonio, Texas. Harland Clarke Holdings Corp. operates as a subsidiary of M & F Worldwide Corp.

As in Complaint:
Plaintiff alleges that defendant infringes the above patent through its sale of the system or method CheckArmor. CheckArmor™ (see Fig. 1) guards against check fraud for both business and personal accounts. It reimburses up to $25,000 within 72 hours in the event that a fraudulent act occurs relating to eligible checks.

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[i] MaxVal offers Patent Assignment Alert service where subscribers receive email alerts when assignments relating to target applications, patents or entities of interest are recorded.
[ii] Expected expiration date. Patent Term Estimator is a free web-based tool that automatically calculates patent terms and expiration dates for U.S. utility patents.

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