It's currently a waiting game for the three credit unions and two credit union service organizations that were hit by a patent litigation suit from London-based technology vendor Serverside Group.
Several of the targeted CUSOs and CUs acknowledged the litigation but did not elaborate much further. Some are awaiting a copy of the suit filed by Serverside Group, and another has forwarded the claim to its attorney for review.
Serverside Group, which provides design, marketing and printing services to the international payment card industry, named 15 defendants for patent litigation including PSCU Financial Services in Florida, The Members Group in Iowa, the $1.3 billion Anheuser-Busch Employees CU of St. Louis, the $274 million Neighbors CU of St. Louis and the $753 million Credit Union 1 of Anchorage. JHA Payment Processing Solutions, part of Jack Henry & Associates of Monett, Mo. was also named among the private companies and financial institutions
The London firm on Friday alleged the defendants "infringed upon its U.S. patent right as to financial transaction card customization technology," it said in a press release. The suit was filed in U.S. District Court in Delaware.
TMG President/CEO Tom Kuehl told Credit Union Times that the company received a copy of the complaint and will be forwarding it to an attorney for review. "Beyond that we have no additional information at this time," he said.
Neighbors CU Vice President of Lending Eric Clark said, "We are awaiting a copy of the suit filed by Serverside Group to evaluate and understand the claims being made."
A statement from PSCU Financial Services said the company believes it has not infringed upon Serverside Group's patents for card customization technology, and is also awaiting a copy of the suit in order to understand and evaluate the claims being made.
Anheuser-Busch Employees CU and Credit Union 1 could not yet be reached for comment, and a spokesperson for Jack Henry & Associates said the company could not comment at this time.
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Natasha Chilingerian
Natasha Chilingerian has been immersed in the credit union industry for over a decade. She first joined CU Times in 2011 as a freelance writer, and following a two-year hiatus from 2013-2015, during which time she served as a communications specialist for Xceed Financial Credit Union (now Kinecta Federal Credit Union), she re-joined the CU Times team full-time as managing editor. She was promoted to executive editor in 2019. In the earlier days of her career, Chilingerian focused on news and lifestyle journalism, serving as a writer and editor for numerous regional publications in Oregon, Louisiana, South Carolina and the San Francisco Bay Area. In addition, she holds experience in marketing copywriting for companies in the finance and technology space. At CU Times, she covers People and Community news, cybersecurity, fintech partnerships, marketing, workplace culture, leadership, DEI, branch strategies, digital banking and more. She currently works remotely and splits her time between Southern California and Portland, Ore.
