Huntington Bancshares Incorporated and Ronald A. Katz Technology Licensing, L.P. Settle Patent Lawsuit and Enter into License Agreement

Ronald A. Katz Technology Licensing, L.P. announced today that, as a part of the settlement of patent litigation, Huntington Bancshares Incorporated (Nasdaq: HBAN), a $55 billion regional bank holding company headquartered in Columbus, Ohio, has purchased a license under the patent portfolio held by Ronald A. Katz Technology Licensing, L.P. and licensed through its affiliate, A2D, L.P.

The nonexclusive license covers services offered by Huntington Bancshares Incorporated in the “Financial Services Call Processing” and “Automated Securities Transactions” Fields of Use including customer service delivered through automated systems and live agents. Other terms of the license were not disclosed.

The patents held by Ronald A. Katz Technology Licensing, L.P. cover a wide range of interactive technology including automated forms of: customer service, prescription refill services, securities trading, merchandising, prepaid services, telephone conferences, registration, home shopping, as well as functions involved in securing information from databases by telephone, interactive cable transactions, and various other uses of toll free and local numbers.

A Huntington Bancshares representative stated, “Huntington is proud to offer our customers secure, quick and convenient services over the phone, 24 hours a day, utilizing state of the art technology. Our local and toll free customer service lines facilitate easy customer access to services such as PIN change, funds transfer and the ordering of replacement statements, any time of the day or night. The company is pleased to have purchased this important license.”

Ronald A. Katz stated, “We welcome Huntington Bancshares Incorporated to the large and diverse group of financial services companies who have purchased license rights under this portfolio.”

There are over 275 companies with license rights under this portfolio, including over 45 energy and utility companies. Companies with license rights under this portfolio include: Advanta Corp., Aetna Inc., Alltel Corporation, American Century, American Express, American International Group, Inc., Amtrak, AT&T Inc., Avis Budget Group, Inc., Avon Products, Inc., Bank of America Corporation, Capital One Services Inc., CIGNA Corporation, Chevron U.S.A. Inc., Comerica Inc., Continental Airlines, Costco Wholesale Corporation, CVS Caremark Corporation, Dell Inc., Delta Air Lines, Inc., Discover Financial Services, Experian, Express Scripts, Exxon Mobil Corp., First Data Corporation, FirstMerit Corporation, Frontier Communications Corporation, The Gallup Organization, Global Crossing Telecommunications, Inc., The Hartford Financial Services Group, Inc., Hewlett-Packard Company, Hilton Hotels Corporation, Household International, Inc., ING North America Insurance Corp., International Business Machines (IBM), Kaiser Permanente Insurance Co., KeyCorp, Kohl's Corporation, Massachusetts Mutual Life Insurance Company, MCI Inc., Mellon Financial Corporation, Merck & Co., Merrill Lynch & Co., Inc., Metris Companies Inc., Microsoft, Morgan Stanley, Navy Federal Credit Union, New York Life Insurance Company, OppenheimerFunds, Inc., Premier Global Services, Inc., Principal Financial Group, Inc., Prudential Financial, Inc., Qwest Communications International Inc., QVC, Inc., Regions Financial Corporation, Rite Aid Corporation, Safeway Inc., Sears, Roebuck and Co., ShopKo Stores, Sprint Corporation, Sunoco, Inc., SUPERVALU Inc., TD Banknorth Inc., T. Rowe Price Associates, Inc., T-Mobile USA, United Air Lines, Inc., UnitedHealth Group, Verizon California Inc., Wachovia Corporation, Walgreen Co., Wal-Mart Stores, Inc, Webster Financial Corporation, WellPoint, Inc., Wells Fargo & Company, West Corporation, Whirlpool Corporation, Wilmington Trust Corporation and Zions Bancorporation.

Mr. Katz is the named inventor on a large number of patents primarily in the fields of telecommunications and computing. He also formed Telecredit, Inc., the nation’s first on-line real time credit and check cashing authorization system, and was awarded a patent as co-inventor of that technology.

Huntington Bancshares Incorporated is a $55 billion regional bank holding company headquartered in Columbus, Ohio. Huntington has more than 142 years of serving the financial needs of its customers. Huntington's banking subsidiary, The Huntington National Bank, provides innovative retail and commercial financial products and services through over 600 regional banking offices in Indiana, Kentucky, Michigan, Ohio, Pennsylvania, and West Virginia. Huntington also offers retail and commercial financial services online at huntington.com ; through its technologically advanced, 24-hour telephone bank; and through its network of almost 1,400 ATMs. Selected financial service activities are also conducted in other states including: Auto Finance & Dealer Services offices in Arizona, Florida, Nevada, New Jersey, New York, Tennessee, and Texas; Private Financial and Capital Markets Group offices in Florida; and Mortgage Banking offices in Maryland and New Jersey. Huntington Insurance offers retail and commercial insurance agency services in Ohio, Pennsylvania, Michigan, Indiana, and West Virginia. International banking services are made available through the headquarters office in Columbus, a limited purpose office located in the Cayman Islands, and another located in Hong Kong.

A2D, L.P.
Brian Rivette, 310-247-8191
This email address is being protected from spambots. You need JavaScript enabled to view it.
or
Huntington
Jeri Grier, 614-480-5413
This email address is being protected from spambots. You need JavaScript enabled to view it.