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TCH Letter Argues that Decision in Patent Infringement Case Results in Diminished Consumer Access to Financial Services

The Clearing House Association filed a joint letter with CUNA, FSR, and ICBA to the Solicitor General's Office regarding the Limelight Networks, Inc. v. Akamai Technologies Inc. patent case. The letter asks the Solicitor General’s Office to urge the Supreme Court to grant review and reverse the en banc decision of the Federal Circuit. The Akamai case significantly expands induced infringement liability and has far-reaching implications for the financial services industry. The industry group letter argues that the decision results in diminished consumer access to financial services by creating enormous uncertainty and cost associated with customers utilizing new technologies (e.g., smartphones) to interface with their institutions.