Business Services Industry
Ceridian Corporation and Ronald A. Katz Technology Licensing, L.P. Settle Patent Lawsuit and Enter into License Agreement
Business Wire, Nov 7, 2007
LOS ANGELES -- Ceridian Corporation, an information services company serving businesses and employees in the United States, Canada and Europe (NYSE:CEN), headquartered in Minneapolis, and Ronald A. Katz Technology Licensing, L.P., headquartered in Los Angeles, announced today the settlement of patent litigation between the parties. As part of the settlement, Ceridian has agreed to pay an undisclosed sum for a nonexclusive license under a comprehensive portfolio of patents that Katz owns relating to interactive voice applications.
The nonexclusive license covers services offered by Ceridian Corporation in the "Financial Services Call Processing" Field of Use, including customer service delivered through automated systems and live agents. Other terms of the license were not disclosed.
The patents held by Ronald A. Katz Technology Licensing, L.P. cover a wide range of interactive technology including automated forms of: customer service, prescription refill services, securities trading, merchandising, prepaid services, telephone conferences, registration, home shopping, as well as functions involved in securing information from databases by telephone, interactive cable transactions, and various other uses of toll free and local numbers.
"In our Human Resources outsourcing services and our Comdata stored-value, payroll, co-branded, and gift card programs as well as our credit and debit card processing for retailers we have employed leading edge call processing systems. The technologies in the Katz portfolio of patents describe many of the processes used by these systems and we are pleased to have obtained this coverage," said Pete Stoddart, Media Contact for HR Solutions, Ceridian Corporation.
Ronald A. Katz stated, "We welcome Ceridian Corporation to the large group of financial and information services companies who have purchased a license under this portfolio."
There are over 200 companies with license rights under this portfolio, including over 25 energy and utility companies. Companies with license rights under this portfolio include: Advanta Corp., Alltel Corporation, American Century, American Express, Ameritrade Holding Corporation, Automatic Data Processing, Inc., AT&T Corp., Bank of America Corporation, BB&T Corporation, Capital One Services Inc., Cellco Partnership d/b/a Verizon Wireless, Certegy Inc., Dell Inc., Delta Air Lines, Inc., Edward D. Jones & Co., L.P., Equifax Inc., Excel Communications Inc., First Data Corporation, First National Bank of Omaha, First Tennessee National Corporation, Hewlett-Packard Company, Home Shopping Network Inc., Household International, Inc., HSBC Bank USA, International Business Machines (IBM), KeyCorp, LaSalle Bank Corporation, MCI Inc., Mediacom Communications Corporation, Mellon Financial Corporation, Merck & Co., Merrill Lynch & Co., Inc., Metris Companies Inc., Microsoft, MoneyGram Payment Systems Inc., Nationwide, OppenheimerFunds, Inc., People's Bank, The PNC Financial Services Group, Inc., Principal Financial Group, Inc., Prudential Financial, Inc., QVC, Inc., Sears, Roebuck and Co., Shop At Home, Inc., Sprint Corporation, SouthTrust Bank, Sunoco, Inc., Synovus, The Gallup Organization, T. Rowe Price Associates, Inc., The Vanguard Group, Inc., Verizon California Inc. and its affiliates, Wachovia Corporation, and Wells Fargo & Company.
Mr. Katz is the named inventor on a large number of patents primarily in the fields of telecommunications and computing. He also formed Telecredit, Inc., the nation's first on-line real time credit and check cashing authorization system, and was awarded a patent as co-inventor of that technology.
Ceridian Corporation (NYSE:CEN) is an information services company serving businesses and employees in the United States, Canada and Europe. Ceridian is one of the top human resources outsourcing companies in each of its markets, and offers a broad range of human resource services, including payroll, benefits administration, tax compliance, HR information systems and employee assistance and work-life programs. Through its Comdata subsidiary, Ceridian is a major payment processor and issuer of credit cards, debit cards and stored value cards, primarily for the trucking and retail industries in the United States. For more information see www.ceridian.com.
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