Askeladden Knocks Out Kioba Smart Card Tech Patent at Tribunal

A Clearing House Payments Company LLC subsidiary convinced an administrative tribunal to invalidate a smart card patent American Express Co., JPMorgan Chase & Co., and other banks were accused of infringing.

Kioba Processing LLC’s US Patent No. 7,110,792 covering wireless technology used in smart cards is both anticipated by and obvious in light of two prior patent applications and standards set by organizations governing wireless communication, according to two Patent Trial and Appeal Board decisions issued Monday.

Kioba sued American Express, Discover Financial Services, and Bank of America Corp. in 2021 in Texas and Illinois district courts ...