The Universal Secure Registry sued Apple and Visa for allegedly violating patents connected to the Apple Pay technology. The Registry holds 13 patents on concepts that are currently used by Apple to facilitate transactions through the Apple Pay service.
The Universal Secure Registry holds patents for smartphone authentication, biometric identification, and one-time payment tokens, which are all used in Apple Pay, according to the New York Times. The CEO of Universal Secure Registry, Kenneth Weiss stated that he met with Visa’s CEO and other officials in 2010, after which the financial company signed a 10-year nondisclosure agreement and delegated engineers to get familiar with the technology.
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