Bank of America, USAA Ink Patent Agreement

Bank of America heads west for bigger share of mining deals

The Wall Street giant will establish a Perth office next year and has bolstered its natural resources team with a new starter as it chases resource related deals.

Bank of America, USAA ink patent agreement

The deal allows each company to use the other’s full portfolio of patents. USAA for years has sued – or threatened court action against – banks it says infringe on its remote deposit capture patents.

USAA and BofA swap patent rights in first two-way deal

Neither company would say how many patents the deal covers, whether either paid the other, or whether USAA pressed its claims first.