Defendant

OV Loop Inc.

1 case as defendant.

Cases
1
Active
0
1 closed
Filed
2023
Top venue
PTAB
1 case

Company profile

OV Loop Inc. is a privately held software development company headquartered in Woburn, Massachusetts. The company was founded in 2008, though some sources indicate later dates. It operates with approximately 38-50 employees and has an estimated annual revenue of $12 million. The founding team includes pioneers in mobile wallet and point-of-sale (POS) technologies, with prior experience in companies like Samsung Pay and LoopPay, and holds patented innovations in areas such as Host Card Emulation (HCE).

OV Loop develops a unified wallet and point-of-sale platform, offering a "private wallet and messenger super-app" designed to facilitate seamless commerce and engagement between brands and consumers. Their platform integrates asynchronous, multimode voice with universal payments to address issues of fragmented commerce interactions, fraud, and customer experience. Key offerings include an omnichannel engagement and loyalty platform that connects to users' digital wallets without requiring changes to existing POS systems. Additionally, OV Loop offers an "OV Cash Mastercard," a prepaid card, and "OV's EV Services" for managing electric vehicles.

The company demonstrates an active patent litigation posture as an operating company that both defends and asserts its intellectual property. While the provided data lists OV Loop Inc. as a defendant in one Patent Trial and Appeal Board (PTAB) case, Unified Patents v. SIMPLYTAPP Inc. et al. (2023), further public records indicate a broader involvement. OV Loop Inc. has also appeared as a patent owner whose patents have been challenged in PTAB by Mastercard Inc. (e.g., IPR2023-01290, IPR2023-01289 concerning patent 10032171).

Notably, OV Loop Inc. initiated a patent infringement lawsuit against Mastercard in the Southern District of New York on March 1, 2023. This suit alleges that Mastercard's MDES platform infringes OV Loop's patent related to cloud-based semi-permanent cryptographic information storage, a technology used in digital payments. The federal litigation was stayed pending the outcome of the inter partes review (IPR) proceedings at the PTAB.