creditcard.jpgIPNews® – An inventor filed a lawsuit last Friday against Mastercard and others claiming that they are infringing on a virtual payment system that he developed. 

The patents cover a method for making purchases online and by telephone without use of the actual credit card number.  The Complaint was filed in Delaware and names Mastercard, Citigroup, and Discover.  To continue reading, click: MasterCard Sued in Virtual Payment Patent Infringement Case