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Court Overturns $218M Patent-Infringement Verdict Against PNC

Summary by bankingdive.com
The USAA patents the bank is accused of violating represent “abstract ideas” with no “inventive concept,” a circuit court judge ruled Thursday.

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Court overturns $218M patent-infringement verdict against PNC

The USAA patents the bank is accused of violating represent “abstract ideas” with no “inventive concept,” a circuit court judge ruled Thursday.

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American BankerAmerican Banker

PNC wins appeal of USAA's mobile deposit patent lawsuit

In USAA's battle with banks over mobile deposit technology, which it says it invented, a bank has scored a rare victory.

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bankingdive.com broke the news in on Friday, June 13, 2025.
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