SOURCE: Stored Value Solutions

Stored Value Solutions

August 10, 2015 11:30 ET

Federal Appeals Court Determines That the Processing System Introduced by Stored Value Solutions in 1996 and 1997 Invalidates Two Alexsam, Inc. Patents

LOUISVILLE, KY--(Marketwired - Aug 10, 2015) - Over the past decade, Alexsam, Inc. has asserted numerous gift card merchants infringe its two U.S. patents. While non-SVS merchants have settled cases with Alexsam for undisclosed amounts, SVS was aggressive in supporting its clients' cases and helped develop strong defenses of the SVS system. Three of these cases resulted in jury verdicts of no infringement, which verdicts were validated by a 2013 appeals court decision. Two additional cases against SVS customers were dismissed outright by Alexsam after this series of trial defeats in the Eastern District of Texas.

On June 16, 2015, the United States Court of Appeals for the Federal Circuit issued a decision invalidating both Alexsam patents based on an SVS prior art system implemented in the mid-1990s. SVS witness trial testimony was essential to this decision and prominently featured in the Federal Circuit's opinion.

"We have maintained all along that these patents were both not infringed and invalid. Three independent Texas juries have found the SVS system does not infringe. This Federal Circuit decision now confirms our long-held belief that the Alexsam patents are also invalid and notably that SVS's own prior art system predates the invention claimed in the Alexsam patents. This decision is a victory for SVS's clients and the entire gift card industry. Gift card merchants and processors alike can now sleep better at night."

About Stored Value Solutions (SVS)

Award-winning SVS is a global provider of gift cards and stored value solutions, managing successful gift card programs for top retail brands around the world. We support over 600 million card products in 50 countries and 26 currencies every year -- with each card possessing the ability to influence consumer behavior and drive sales. Through 20 years of industry experience, our team has expertise in retail gift cards, promotional offers, consumer engagement strategies, eCommerce solutions and mobile interactivity. To learn more, visit www.storedvaluesolutions.com

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