trending Market Intelligence /marketintelligence/en/news-insights/trending/6JmaAtmpGGLSxbQCcCBkLg2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Wells Fargo ordered to pay $102.8M for infringing USAA patents

StreetTalk – Episode 70: Banks' Liquidity Conundrum Could Fuel M&A Activity

Street Talk Episode 70 - Banks' Liquidity Conundrum Could Fuel M&A Activity

StreetTalk – Episode 69: Banks left with pockets full of cash and few places to go

Street Talk – Episode 69: Banks left with pockets full of cash and few places to go

Wells Fargo ordered to pay $102.8M for infringing USAA patents

A U.S. District Court jury in Marshall, Texas, awarded United Services Automobile Association $102.8 million after finding that Wells Fargo & Co. willfully infringed on certain of USAA's patents.

The lawsuit alleged that Wells Fargo Mobile Deposit — which allows its customers to deposit checks using smartphones — infringed USAA patents. Wells Fargo Mobile Deposit includes features that were "invented, developed, and released to customers years earlier by USAA," according to the lawsuit.

"Wells Fargo strongly disagrees with this jury verdict and does not believe it has infringed on USAA's patent rights," the company said in an emailed statement. "We believe this is an industry issue involving numerous other banks that license remote mobile deposit technology from the same vendor, not USAA."

The spokesperson said the company is considering options based on the verdict and trial.

A jury recently awarded USAA $200 million in another patent-infringement lawsuit against Wells Fargo in late 2019.