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BofA and USAA Enter Patent Cross-License Agreement

Summary by Financial IT
USAA and Bank of America announced today that they have entered into a patent cross‑license agreement enabling the reciprocal use of each other’s patent portfolios. USAA and Bank of America each have a long history of innovation across a range of technologies, including artificial intelligence, machine learning, information security, and network infrastructure, as well as banking‑specific capabilities such as payment processing and mobile check …
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Financial IT broke the news on Monday, August 10, 2026.
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