SAN FRANCISCO — A small Boston company, founded by the inventor of a popular corporate encryption technology called RSA SecurID, sued Apple and Visa on Sunday, arguing that the Apple Pay digital payment technology violates its patents. In the suit and in an interview, Mr. Weiss said he had extensive meetings in 2010 with Visa officials, including its chief executive at the time, to discuss working together on the technology. Mr. Weiss said he also wrote to Apple at the same time seeking to license his technology, but the iPhone maker never responded to his inquiries. Advertisement Continue reading the main storyThree years later, Visa began work on the Apple Pay technology with Apple, MasterCard and American Express. Apple released Apple Pay to iPhone users in 2014.

Source: New York Times May 22, 2017 01:30 UTC