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Colonial Bank Purchases a License under the Ronald A. Katz Technology Licensing, L.P. Patents

Jul 9, 2008
Story Timeline:  94 days

By BusinessWire LOS ANGELES, BUSINESS WIRE -- Colonial Bank, based in Montgomery, Alabama, has purchased a license under the patent portfolio held by Ronald A. Katz Technology Licensing, L.P. and licensed through its affiliate, A2D, L.P. The nonexclusive license covers services offered by Colonial Bank in the "Financial Services Call Processing" Field of Use, including customer service delivered through automated systems and live agents. Other terms of the license were not disclosed. The patents held by Ronald A. Katz Technology Licensing, L.P. cover a wide range of interactive technology including automated forms of: customer service, prescription refill services, securities trading, merchandising, prepaid services, telephone conferences, registration, home shopping, as well as functions involved in securing information from... [read full story]                    

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