PNC Loses Banking Patent Review Bid After $218 Million Jury Loss – Bloomberg Law

An administrative tribunal shut down PNC Bank’s second attempt to probe the validity of a mobile banking patent involved in a $218 million infringement verdict against the bank.

The Patent Trial and Appeal Board said Thursday that it will not revisit its decision to reject a patent-invalidity examination for US Patent No. 10,482,432, which covers digital check deposits using a mobile phone camera. The PTAB said PNC didn’t show that the board “misapprehended or overlooked” any details or abused its discretion in declining the examination.

The ‘432 patent was one of several at issue in United Services Automobile Association’s …

Source: news.bloomberglaw.com