Mitek Systems Sues USAA Over Wireless Check-Deposit Patents

Mitek Systems Inc. (MITK), a document- imaging company, sued United Services Automobile Association, known as USAA, accusing it of infringing five patents for making check deposits with mobile electronic devices.

USAA, an insurer based in San Antonio, agreed to use San Diego-based Mitek’s software, then developed its own mobile- deposit system by creating “a knockoff product,” lawyers for Mitek said in a complaint filed in federal court today in Wilmington, Delaware.

Mitek contends it “will continue to suffer irreparable harm” because USAA is wrongly using technology protected by its patents and has violated a contract that limits transaction- volume.

Mitek seeks a jury trial, unspecified damages and a court order to stop the infringement by USAA, which provides banking, insurance, and retirement services to the U.S. military and their families.

The case is related to a lawsuit filed by USAA against Mitek on March 29 in federal court in San Antonio alleging it, not Mitek, invented the technology.

Mitek fell 25 cents, or 3.9 percent, to $6.09 in Nasdaq stock market trading in New York.

Paul Berry, a spokesman for USAA, said he hadn’t seen the suit and couldn’t immediately comment.

The case is Mitek v. USAA, U.S. District Court, District of Delaware (Wilmington).

To contact the reporter on this story: Phil Milford in Wilmington, Delaware, at pmilford@bloomberg.net.

To contact the editor responsible for this story: Michael Hytha at mhytha@bloomberg.net.

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