USAA, Truist Settle Remote Deposit Capture Litigation
USAA and Truist Bank have entered into a settlement and patent license agreement that resolves the remote deposit capture (RDC) litigation between them.
SAN ANTONIO – USAA and Truist Bank have entered into a settlement and patent license agreement that resolves the remote deposit capture (RDC) litigation between them.
“USAA remains willing to enter into mutually beneficial licensing arrangements with all banks and credit unions, regardless of their situations,” said Nathan McKinley, USAA vice president and head of Corporate Development. “USAA is proud of our record of innovation, including remote deposit capture technology that has made banking easier for our members.”
Terms of the agreement are not public.
Banks and credit unions are taking RDC licensing agreements and acknowledging USAA’s patent rights. “We continue to work with even more banks to create reasonable licensing agreements that benefit their customers,” McKinley added.
About USAA
Founded in 1922 by a group of military officers, USAA is among the leading providers of insurance, banking, and investment and retirement solutions to more than 13 million members of the U.S. military, veterans who have honorably served and their families. Headquartered in San Antonio, USAA has offices in eight U.S. cities and three overseas locations and employs more than 37,000 people worldwide. Each year, the company contributes to national and local nonprofits in support of military families and communities where employees live and work. For more information about USAA, follow us on Facebook or Twitter (@USAA), or visit usaa.com.
Two Way Street: New Survey From USAA Shows Driving Apps Help Connect Parents And Young Drivers On Importance Of Safe Driving, Leading To Safer Roads
Data Reveals 87% of App-Using Parents Feel Their Child’s Driving Improved, Citing Increased Awareness and Feedback Read more
USAA Named UTSA Athletics Official Military Appreciation Partner
Exciting new initiatives planned as part of partnership Read more
USAA And Its Members Donate Nearly $3 Million To Aid In Recovery From Hurricanes Helene And Milton
USAA members have donated nearly $1.4 million; USAA adds $500,000 to initial $1 million and offers guidance on assisting... Read more
First Citizens Bank And USAA Sign RDC Patent Licensing Agreement
USAA and First Citizens Bank have entered into an agreement that provides First Citizens Bank a license to more than 151... Read more
USAA Donates $1 Million To Support Recovery In Aftermath Of Hurricane Helene
Aid provided to three nonprofits to help families and communities impacted Read more
USAA President & CEO Wayne Peacock Announces Plans To Retire In 2025
Led the company’s growth with industry-leading service, support for military families Read more