Ingles Settles with Acacia Technologies for Credit Card Fraud Protection Technology

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Ingles Settles with Acacia Technologies for Credit Card Fraud Protection Technology

09/11/2007
ASHEVILLE, N.C. -- Regional supermarket chain Ingles Markets here has reached a settlement with Financial Systems Innovation LLC, a wholly-owned affiliate of the Acacia Technologies group, based in Newport Beach, Calif., over a disputed patent for credit card fraud protection technology.

The disputed patent technology included an electronic card reader and a process that includes a number used to identify individual transactions.

Terms of the settlement were not disclosed. The settlement resolves a pending dispute before a Georgia district court.