Could Apple Be The Napster of FinTech?
Based on a lawsuit filed by
Technologies in Austin, Texas, (the creator, sole owner of the mobile wallet, secure element, digital widget patent, and 100+ additional FinTech patents) it appears it could be true. Apple Inc. once the most valuable company on the planet could be in deep trouble. It appears that Apple has infringed on more than 1 Fintiv patent. Finitiv is the undisputed creator and inventor of the mobile financial services industry and had done the first mobile payment transaction some seven years before Apple launched Apple Pay in 2014.
The secure element digital widget technology is critical to the activation of Apple Pay. Without the secure element digital widget, there is no Apple pay. Fintiv’s mobile wallet and secure element, digital widget patents were issued befo...