Truist, Zions Sued Over Patents for Bank ATM Memory Technology

Zions Bancorporation NA and Truist Financial Corp. became the latest banks to be sued for infringement in InnoMemory LLC’s patent-assertion campaign over memory technology placed into devices.

The banks’ ATMs use methods for a random access memory integrated circuit, according to similar but separate complaints filed in the US District Court for the Eastern District of Texas. InnoMemory sued Zions over the ATMs of its subsidiary Amegy Bank of Texas on Thursday, and filed allegations against Truist on Friday. InnoMemory said the ATMs infringe US Patent Nos. 6,240,046 and 7,057,960.

• The ‘046 patent deals with a method for a ...