|Day's Range||92.43 - 93.40|
|52 Week Range||73.25 - 93.72|
|PE Ratio (TTM)||46.58|
|Dividend & Yield||0.66 (0.71%)|
|1y Target Est||N/A|
Universal Secure Registry LLC, a Newton-based firm helmed by the founder of a firm that later became RSA Security, filed a lawsuit Sunday against Apple Inc. and Visa Inc., alleging that Apple Pay — a secure way for people to connect their credit cards to their iPhones and other devices — infringes on USR's patents for a similar technology. The lawsuit — filed in federal court in Delaware on Sunday — claims that USR sent letters to Apple (AAPL) in 2010 describing its identity-authenticating payment software in the hopes of licensing the technology for use on the iPhone. Kenneth Weiss, USR's chairman and CEO, also spoke with top executives at Visa (NYSE: V) about the technology, according to the lawsuit, but neither effort led to a partnership.
Apple Inc. and Visa Inc. are facing claims by Universal Secure Registry, a small Boston-area company, that their mobile-payment partnership infringes four of its patents.
Universal Secure Registry LLC said Monday that it filed complaints against Apple Inc. and Visa Inc. for infringing on its patents for electronic payments and identity authentication. USR seeks unspecified ...