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USAA and BofA swap patent rights in first two-way deal
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Every earlier deal had another institution paying for a license to USAA's patents.
Every earlier deal had another institution paying for a license to USAA's patents.
: Bank of America holds nearly 7,400 granted patents and pending applications, which it calls the most of any financial services company.
All four of those deals were one-way; another institution licensed the right to use USAA's patents.
American Banker reviewed the bank's patent litigation; Bank of America turns up in dozens of patent cases, nearly always as the defendant.