Accumulate, a Swedish mobile payment systems provider, has revealed it is filing a lawsuit for patent infringement against rival company Seamless.
According to Accumulate, at the centre of the dispute, filed at the District Court of Stockholm, is Seamless’ mobile payments solution, ‘SEQR’.
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In a statement, it said: "Accumulate requires Seamless to stop the use and marketing of SEQR".
It maintained that "significant efforts over a long period to negotiate with Seamless" had been unsuccessful, and that Seamless "has not been willing to co-operate".
The two firms are competitors in the market for mobile device point of sale (POS) payment systems.
Accumulate boasts a wide international portfolio of patents, with the alleged infringement relating to a patent in Sweden.
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By GlobalDataIntroduced in 2009, Accumulate’s mobile payment predates Seamless’ SEQR and is also more widely adopted.
According to a statement by Accumulate, 50,000 merchants utilize the first company’s system, compared to around 3,000 SEQR users.
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