Defendant
2 cases as defendant.
Visa U.S.A. Inc. is a Delaware corporation and subsidiary of Visa Inc. (NYSE: V), the publicly traded payments company. Its principal place of business is 900 Metro Center Blvd., Foster City, California; Visa Inc.'s corporate headquarters moved to San Francisco's Mission Rock development. The Visa business dates to 1958 (BankAmericard, under Dee Hock) and was reorganized into Visa Inc. in 2007–2008 ahead of its 2008 IPO. Visa Inc. reported net revenue of $35.9 billion in fiscal 2024, with roughly 31,800 employees as of September 2024 (around 34,100 by fiscal 2025). Visa U.S.A. Inc. is not separately consolidated in public disclosure.
Operations. Visa is not a financial institution — it does not issue cards, extend credit, or set account-holder rates. It operates a global electronic payments network, earning revenue from service fees, data processing (authorization, clearing and settlement, tokenization, risk and identity solutions), international transaction processing, and other value-added services (advisory, marketing, card benefits, brand and technology licensing). Visa U.S.A. covers the US market within that network, including Visa Direct money movement and Visa Token Service.
Litigation posture. The case data show 2 tracked cases, both as defendant, and 0 as plaintiff. The two entries are the same dispute: RFCyber Corp. v. Visa U.S.A. Inc., No. 6:22-cv-00697, filed June 28, 2022 in the W.D. Tex., Waco Division, before Judge Alan D. Albright. This is the classic profile of an operating company defending against a patent-assertion suit, not an NPE; Waco is a plaintiff-friendly venue.
Case context. RFCyber Corp. is a Texas corporation based in Waco asserting four patents (U.S. 8,118,218; 8,448,855; 9,189,787; 9,240,009) on electronic-purse, mobile-commerce, and mobile payment technology; related filings name Shenzhen RFCyber Asset Management LLP as real party in interest. RFCyber brought parallel actions against Apple, Samsung, Google, and LG in W.D. Tex. and E.D. Tex. Visa moved to stay the case pending inter partes review; the docket was terminated February 5, 2024 while stayed.
RFCyber sued Visa U.S.A. Inc. in W.D. Tex. (Waco) alleging infringement of US 9,189,787. RFCyber's claims were dismissed with prejudice and Visa's defenses without prejudice; an unopposed motion to stay/notice of settlement was filed 2024-01-03, the dismissal order was signed in February 2024, and the docket terminated 2024-02-05.
The '855 patent was asserted. The case was stayed pending IPR and then dismissed by joint motion; the order granting dismissal was entered Feb. 5, 2024.