MTN accused of infringing mobile money patent

Monday 3 September 2012 | 14:11 CET | News
A South African court has ruled that mobile operator MTN and the banking group Standard Bank infringed a mobile payments patent held by 3MFuture Africa, Business Day reported. The patent allowed users to switch their payment cards on and off with their mobile phones, thereby eliminating the problems of card cloning, skimming and theft. 3MFuture claimed that Standard Bank, MTN and MTN Mobile Money conspired to infringe the patent following meetings he held with Standard Bank, where he made presentations on his system. He said in 2006, MTN Mobile Money was launched as a joint venture between

Thank you for visiting Telecompaper

We hope you've enjoyed your free articles. Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.


Already registered?

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Mobile & Wireless
Companies: MTN
Countries: South Africa
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


South Africa's first mobile-only bank goes live

Published 22 Nov 2012 12:35 CET | South Africa
South Africa's first mobile-only bank, called 'Take Your Money Everywhere' or Tyme, has officially launched, according to ITWeb. ...

MTN sponsors Highway Africa media conference in South Africa

Published 10 Sep 2012 11:17 CET | Africa
MTN Group is sponsoring the Highway Africa conference in South Africa, demonstrating its leadership in developing Africa's media. ...

Calendar   /   Industry Events

19 Mar OFC 2017
20 Mar Cebit 2017
21 Mar MPLS+SDN+NFV World
21 Mar Cabsat 2017
23 Mar Freenet Q4 2016
23 Mar United Internet Q4 2016
23 Mar Micron Technology fiscal Q2
23 Mar Drillisch Q4 2016
23 Mar Ecotel Q4 2016
23 Mar China Mobile FY results
23 Mar FCC Open Meeting
24 Mar Smartphone & Wearable’s Technology Summit 2017
27 Mar Report: Dutch Broadband 2016-Q4
28 Mar Tele Columbus Q4 2016
28 Mar Evolving Systems Q4 2016
28 Mar TV Connect
28 Mar ACA Summit
28 Mar Bluetooth World
28 Mar Digital Regulation Forum
29 Mar Ericsson AGM
29 Mar Samsung Galaxy press conference
29 Mar IoT Asia 2017
29 Mar IoT Forum Africa
29 Mar Sigma Designs fiscal Q4
29 Mar Report: Dutch Television Market 2016-Q4
30 Mar Dell Technologies fiscal Q4
30 Mar Bezeq Q4 2016
30 Mar Opera Software Capital Markets Day
::: More Calendar Items