RIDGELAND, Miss., Jan. 14, 2014 /PRNewswire/ — SecureBuy®, a leader in global payment fraud prevention and security technology, announces today that it has filed a declaratory judgment in the United States District Court for the Southern District of Mississippi naming CardinalCommerce Corporation as the Defendant.
The declaratory judgment states that SecureBuy does not infringe any valid claim of United States Patent Nos. 8,140,429 ("the '429 Patent"), 7,051,002 ("the '002 Patent"), and 7,693,783 ("the '783 Patent") (collectively "the 3-D Secure Patents"), or in the alternative, that the claims of the CardinalCommerce Patents are invalid. Additionally, SecureBuy has filed petitions with the United States Patent and Trademark office to have these CardinalCommerce patents also placed into post grant review. The legal action was provoked by CardinalCommerce.
SecureBuy is presently offering its SecureBuy 2.0, 3-D Secure MPI to merchants worldwide on a no charge basis in an attempt to lower (CNP) card not present payment fraud globally through expanded adoption of 3-D Secure consumer authentication. SecureBuy's belief and understanding is that Visa developed and patented 3-D Secure over a decade ago. 3-D Secure is better known by merchants and consumers as Verified by Visa®, MasterCard® SecureCode™ and American Express SafeKey®. SecureBuy feels with a risk-based deployment that 3-D Secure is the most advanced consumer payer authentication solution ever created. With over 250 million registered cardholders and over a million merchants worldwide, 3-D Secure is the most widely deployed active consumer authentication solution.
About SecureBuy – A SignatureLink Company
SecureBuy (www.securebuycommerce.com) is a wholly owned subsidiary of SignatureLink, Inc. Founded in 2002; SecureBuy is an established eCommerce cyber-security and technology company, a payment fraud prevention pioneer and leader. SecureBuy's innovative technology reduces or eliminates the risk of payment fraud for merchants, call centers, consumers and payment processors. SecureBuy provides the latest next-generation automated technologies and solutions to reduce revenue erosion from payment fraud and to stabilize eCommerce.
Media Contact:
SecureBuy
Kate Blatner
Director of Public Relations
408.769.5007
Email