Mastercard Infringes Digital Wallet Tech Patent, Suit Says (1)

Mastercard Inc.'s cloud-based payment technology infringes a patent related to a method for securing mobile wallet transactions, according to a federal lawsuit in New York.

The complaint, filed in the US District Court for the Southern District of New York, comes as digital wallet applications become more popular for payments online and at brick-and-mortar retailers, and the need to secure customers’ payment data grows.

OV Loop Inc. holds US Patent No. 10,032,171, which involves a “host card emulation” approach to mobile card wallets, the complaint said. HCE includes the cloud-based generation of tokens used to authenticate payments without revealing ...