Defendant
2 cases as defendant.
Company overview. Fintiv, Inc. is a private company headquartered in Austin, Texas (111 Congress Ave.), founded by Michael A. Liberty. It began life as Mozido, Inc., a mobile-payments startup launched around 2007–2008, and changed its name to Fintiv in December 2018. Public sources describe it as small (roughly 11–50 employees per contemporaneous reporting); no revenue figures are disclosed. Historic shareholders include Wellington Management and funds tied to Julian Robertson, and The Information reported in 2025 that Donald Trump Jr. owns about 5%.
Products / operations. Fintiv describes itself as a mobile-payments and loyalty/marketing company, but since the 2018 rebrand it has operated essentially as a patent-licensing and assertion entity (NPE/PAE). Its business centers on monetizing a portfolio of 150+ patents covering mobile wallets, payment-credential management, and "monetary transaction systems," some acquired from South Korea's CorFire-Korea in 2014. No meaningful operating revenue from shipped products is publicly documented; its revenue model is licensing and litigation.
Patent-litigation posture. In the tracked case data, Fintiv appears once — as defendant/patent owner in Apple Inc. v. Fintiv, Inc. at the PTAB (2022-06-16), an inter partes review Apple brought against Fintiv's patents. That is the defensive side of an NPE campaign: Fintiv itself has sued Apple (W.D. Texas, Dec. 2018), PayPal (2022), and Walmart, largely before Judge Albright in the historically plaintiff-friendly Western District of Texas.
Notable context. The earlier Apple v. Fintiv IPR (IPR2020-00019, Mar. 2020) became the precedential "NHK-Fintiv" decision establishing the PTAB's six-factor test for discretionary denial of IPR institution — making Fintiv a fixture of patent-law commentary. Its assertions have largely failed: Apple won summary judgment of noninfringement (final dismissal with prejudice in 2025), and the Federal Circuit affirmed in April 2025 the invalidation of four Fintiv patents asserted against PayPal. Founder Liberty was indicted in 2019 and charged by the SEC over Mozido-era fundraising; Fintiv itself faced a creditor suit (Oxford Gray, $9M+ default claim) and was reported in 2025 to be seeking roughly $300 million from outside investors.
Apple petitioned for inter partes review of all claims 1-22 of US 10,438,196. The PTAB issued a Final Written Decision on May 23, 2024, finding no challenged claims unpatentable.
Apple petitioned for inter partes review of the '785 patent owned by Mozido, Inc. (now Fintiv, Inc.). The PTAB instituted on all challenged claims 1-21 and issued a Final Written Decision on January 2, 2024, finding some challenged claims unpatentable; Director Review was denied on February 22, 2024, and the decision was appealed.