DataTreasury, located in Plano, Texas, United States, develops, acquires and licenses technology for secure check image capture and storage. As of 2010 the company had 2 employees, about 1000 shareholders and had generated over $350 million in licensing revenue in the previous four years.[1][2]
The company has a patent portfolio relating to these technologies, which it enforces. Several banks have settled, and in 2010 U.S. Bank, Viewpointe (a company set up by some major banks and I.B.M. to store and retrieve digital images of checks for large banks[3]) Clearing House Payments Company and its subsidiary, SVPCo, were found guilty of infringing DataTreasury's patents.[4][5]
There has been controversy concerning the company. In 2004, The New York Times characterized DataTreasury as "a company whose only business, other than one client, appears to be suing other companies."[3] The banking industry has accused DataTreasury's lawyers of patent trolling and DataTreasury themselves of abusing the patent system by buying the patents they are enforcing.[6] The US Senate version of the Patent Reform Act of 2007 (which was never enacted) contained an amendment, lobbied for by banks, tailored to protect banks from DataTreasury infringement litigation.[6] On the other hand, in 2010, just after DataTreasury won their first lawsuit, Claudio Ballard, who founded the company, was named inventor of the year.[7]
^Joe Mullin for The Prior Art. April 05, 2010 Patent Litigation Weekly: DataTreasury Wins First Patent Trial, Against U.S. Bank
^Jeff Bounds for the Dallas Business Journal, April 25, 2010. $27M win for DataTreasury in big case
^ abKingson, Jennifer A. (2004-12-25). "Small Company Is Specializing in Suing Banks". The New York Times. Retrieved 2008-09-08.
^Dan Browning for the Minneapolis StarTribune February 24, 2010. Banking dispute involving U.S. Bank is going to 3 trials Archived 2010-03-30 at the Wayback Machine
^Robin R. Richardson and DD Turner for marshallnewsmessenger.com, March 26, 2010. Banks lose patent suit: DataTreasury awarded $26.6M
^ abJeffrey H. Birnbaum for The Washington Post, February 14, 2008. Lawmakers Move to Grant Banks Immunity Against Patent Lawsuit
^U.S. Business and Industry Council press release, October 05, 2010. DataTreasury Founder Claudio Ballard Named 2010 “Inventor of the Year” by U.S. Business and Industry Council
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