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Mitek Systems Responds To USAA Lawsuit Allegations

4/11/2012 1:38 PM ET

Mitek Systems (MITK: Quote) believed that it will soon demonstrate in court, USAA's Deposit Mobile product infringes Mitek's patented technology for mobile deposit applications.

In a lawsuit filed on March 29, 2012, USAA sought a declaratory judgment that it did not infringe five Mobile Deposit patents issued to Mitek Systems.

USAA also alleges that Mitek took information, put it into a patent application, launched a product, and concealed these events from USAA. Mitek believes it will demonstrate that USAA's trade secret allegations are demonstrably false.

Mitek believes that the evidence will ultimately show that Mitek's engineers independently developed its Mobile Deposit software and related patents based on Mitek's own ideas.

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by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

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