Apple has been accused of violating the patents of a Boston-based company through its launch of Apple Pay. Universal Secure Registry CEO Kenneth Weiss says he ‘was the first in the space, and the secure payment technology that he developed goes right to the core of Apple Pay.’
In an interview, Weiss says that the patents cover all three key elements of Apple Pay.
Kenneth P. Weiss, received 13 patents for authentication systems that use a smartphone, biometric identification such as a fingerprint and the generation of secure one-time tokens to conduct financial transactions.
While it’s not unusual for more than one company to be simultaneously working on the same technology, Weiss says that in this case both Visa and Apple were aware of his technology four years prior to the launch of Apple Pay …