First Round of Mobile Banking Patent Infringement Lawsuit Goes to Intuit Financial Services. MShift to Appeal.

Oct 12, 2010, 09:00 ET from MShift, Inc.

FREMONT, Calif., Oct. 12 /PRNewswire/ -- MShift announced today that it would appeal the decision of a judge that defendants Digital Insight Corporation ("DI," a division of Intuit) and Mobile Money Ventures, LLC ("MMV") do not infringe MShift's U.S. Patent No. 6,950,881 ("the '881 patent").  In an order that was released late Friday, October 8, 2010, U.S. District Court Judge William Alsup of the Northern District of California granted defendants' motion for summary judgment of non-infringement.  The judge's order found that a mobile banking service provided by DI and MMV does not include certain elements of MShift's patented technology.

"MShift presented a large amount of evidence that the mobile banking product of DI and MMV infringes MShift's '881 patent," said Scott Moeller, MShift's CEO.  "For whatever reason, the judge did not credit MShift's substantial evidence of infringement.  We strongly believe the judge's analysis included several significant errors in how he evaluated the highly technical issues relating to the '881 patent and the accused technology.  We will vigorously pursue an appeal in the Federal Circuit, and we are confident our patent rights will be vindicated."

MShift expects to file its notice of appeal within the next two weeks.  After that, a three judge panel of the U.S. Court of Appeals for the Federal Circuit will review the district judge's decision.

About MShift

A pioneer in the industry,  MShift is recognized as the leading mobile banking platform for Financial Institutions in the United States.  Deploying its first Mobile Banking application in 2001, MShift's technology is used today in mobile banking deployments for more than 200 Financial Institutions including 2 of the top 10 banks in America.  Additionally, the majority of the largest 50 Credit Unions that offer mobile banking for their members use MShift.  MShift's patented technology enables financial institutions to offer their customers a full range of mobile banking as well as non-core financial services such as credit card and bill pay integration via the Mobile Web.  A full mobile banking solution, MShift offers SMS/Text and downloadable mobile banking applications for the Android, iPhone, and Blackberry platforms. Proven security, rapid deployment and competitive pricing are among the reasons Financial Institutions have chosen MShift as the industry standard for Mobile Banking. 

For more information, contact www.MShift.com

SOURCE MShift, Inc.



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