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Wireless

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

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Categories: Mobile & Wireless
Companies: MTN
Countries: South Africa
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90.4%
Mobile penetration
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