TETELESTAI Notification List

The TETELESTAI (It is finished) email which will contain the first 800#'s will be posted first on a private page and will be sent out to everyone subscribed to the private page's feed.

If you wish to subscribe to the private page's feed, please visit the TETELESTAI page located HERE and access the private page.

If you're having trouble please give me an email at UniversalOm432Hz@gmail.com

(Note: The TETELESTAI post is the official "Go" for redemption/exchange.)

Guest Posting & Responding Now Available

Dinar Chronicles is now allowing viewers to guest post and respond to articles. If you wish to respond or speak your mind and write a post/article or about the current situation relating to Iraq, the RV, the GCR and so on. You may now send in an entry.

All you need to do is send your entry to UniversalOm432Hz@gmail.com with these following rules.

The subject line of your email should be: "Entry | (Title of your post) | Dinar Chronicles"

- Proper grammar
- Solely write intel, rumors, news, thoughts, messages regarding Dinarland, Iraq, the RV, the GCR, NESARA/GESARA, the Republic, Spirituality, Ascension and anything that is relating
- Your signature/name/username at the end (If you wish to remain anonymous then you don't need to provide one.)

If you have any questions or wish to communicate with us then please give us an email at UniversalOm432Hz@gmail.com

Send your entry and speak out today!

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Featured Post

Operation Disclosure: GCR/RV Intel Alert for February 19, 2019

RV/INTELLIGENCE ALERT - February 19, 2019 (Disclaimer: The following is an overview of the current situation based on intelligence leak...

Monday, June 11, 2018

Wells Fargo in Trouble Again, Patent Infringement

Wells Fargo in Trouble, USAA Accuses for Patent Infringement

Zacks Equity Research
June 11, 2018

Wall Street giant, Wells Fargo (WFC), in the spotlight once again after USAA accuses the former of patent infringement.

Already grappling with legal issues, the Wall Street giant — Wells Fargo & Company WFC — has been slapped with another federal lawsuit. A federal lawsuit has been filed against the bank by San Antonio-based USAA, the big insurance company, for infringement on the latter’s patented technology.

The lawsuit has been filed in the U.S. District Court in Marshall, TX. USAA has accused the bank for violating four of its mobile remote deposit capture patents through which users were permitted to deposit checks using mobile devices.

USAA demands fine for infringement damages, including interest and attorneys' fees.

Story So Far

For the past year, USAA has been asking hundreds of financial institutions for licensing its RDC technology. Finally, it took the first legal action by filing the lawsuit against Wells Fargo. Per this suit, in August 2007, USAA had requested Wells Fargo to negotiate a licensing deal, which was ignored by the bank. Therefore, USAA demanded reinforcing of its patents, along with damages. Notably, the company holds about 50 patents associated with its mobile deposit of checks.

“Wells Fargo is one of the biggest adopters of remote deposit capture,” said Nathan McKinley, USAA’s head of Corporate Development, which includes commercialization of the company’s intellectual property. “We believe they are leveraging the technology to improve their bottom line, and they failed to take a license,” McKinley noted.

Per the lawsuit, 21 million active mobile-banking customers of Wells Fargo are accessing this technology, as of February.

Spokesperson for Wells Fargo refrained from comments on the pending litigation.

The lawsuit states its “improper for Wells Fargo to use, without permission, patented technologies that USAA has spent immense resources to invent, develop, implement and perfect.”

The aforementioned mobile-deposit technology was initiated by USAA in 2009. “We developed mobile check deposit technology using our members’ money to help military families because their lifestyle often made getting to the bank difficult,” McKinley said. “We believe the industry has been able to save billions using our mobile check deposit technology. We also believe the industry is aware USAA developed it,” he further added.

Bottom Line

Currently, Wells Fargo is caught in a horde of litigations over several malpractices which have come into the spotlight. It is going to be a long and expensive journey for Wells Fargo till it gets all the dust settled.

The bank’s performance over the past six months underlines investors’ disappointment. Shares of Wells Fargo have declined 5.4%, significantly underperforming the industry’s marginal increase of 0.3%.

Wells Fargo currently carries a Zacks Rank #3 (Hold).

Stocks to Consider

Fifth Third Bancorp FITB has been witnessing upward estimate revisions for the last 60 days. Additionally, the stock gained nearly 5%, in six months’ time. It currently sports a Zacks Rank of 1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Northern Trust Corporation NTRS has been witnessing upward estimate revisions for the last 60 days. Over the past six months, the company’s share price has been up more than 9%. It currently carries a Zacks Rank of 2 (Buy).

The Bank of New York Mellon Corporation BK has been witnessing upward estimate revisions for the last 60 days. Also, the company’s shares have risen nearly 5.5% in the last six months. It carries a Zacks Rank of 2, at present.

The Hottest Tech Mega-Trend of All

Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.

Source: Yahoo Finance



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