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
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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.
