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People's Bank Obtains a License Under the Ronald A. Katz Technology Licensing, L.P. Patents LOS ANGELES, April 6 /PRNewswire/ -- It was announced today by Ronald A. Katz Technology Licensing, L.P. that People's Bank , based in Bridgeport, CT, and its subsidiaries, have taken a license under the patent portfolio held by Ronald A. Katz Technology Licensing, L.P. and licensed through A2D, L.P.The 52 United States patents held by Ronald A. Katz Technology Licensing, L.P., and numerous foreign equivalents, cover a wide range of interactive technology including automated forms of: customer service, 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. Seventeen additional patents are currently pending in this portfolio. Our automated customer services -- such as People's Personal Telephone Banking and People's Plus Center -- allow callers to get information about their accounts, transfer funds, and pay bills using a touch tone phone, 24 hours a day, 7 days a week, said Patricia Manion, Senior Vice President Direct Banking, People's Bank. The technologies in the Katz portfolio are an important part of these capabilities. Ronald A. Katz, chief executive of Ronald A. Katz Technology Licensing, L.P. added, We are very pleased to welcome People's Bank to the significant list of financial services and other companies who have purchased license rights under this portfolio. Companies with license rights under this portfolio include: Advanta Corp., American Century, American Express, Ameritrade Holding Corporation, AT&T Corp., Bank of America Corporation, BB&T Corporation, Cellco Partnership d/b/a Verizon Wireless, Capital One Services Inc., Certegy Inc., Compaq Computer Corporation (now merged with Hewlett Packard), Edward D. Jones & Co., L.P., Equifax Inc., Excel Communications Inc., Fiserv Inc., First Data Corporation, First National Bank of Omaha, First Tennessee National Corporation, First Union Corporation (now known as Wachovia Corporation), Home Shopping Network Inc., Household International, Inc., HSBC Bank USA, International Business Machines (IBM), KeyCorp, Mellon Financial Corporation, Merck & Co., Microsoft, MoneyGram Payment Systems Inc., Prudential Financial, Inc., QVC, Inc., Shop At Home, Inc., Sprint Corporation, SouthTrust Bank, Synovus, The Gallup Organization, T. Rowe Price Associates, Inc., The Vanguard Group, Inc., Wells Fargo & Company, and WorldCom, Inc. Mr. Katz is the named inventor on numerous patents primarily in the fields of telecommunications and computing. He 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. People's (peoples.com) is a diversified financial services company providing commercial, consumer, insurance and investment services. Founded in 1842, it is the largest state-chartered bank in Connecticut with assets of $12 billion, 155 branches and more than 230 ATMs. People's is a leader in consumer and commercial banking, residential lending, insurance sales, supermarket banking and is the nation's 19th-largest issuer of MasterCard and Visa credit cards. People's subsidiaries offer brokerage services, asset management, equipment financing and leasing, and insurance services. Ronald A. Katz Technology Licensing, L.P. CONTACT: Brian Rivette of Ronald A. Katz Technology Licensing, L.P./A2D,L.P., +1-310-247-8191, [email protected]; or Valerie Carlson of People'sBank, +1-203-338-2351, [email protected] Web site: http://peoples.com/ |