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S1 Corp. And Corillian Settle Patent Lawsuit

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NU Online News Service, Dec. 12, 9:15 a.m. – S1 Corp., Atlanta, and Corillian Corp., Hillsboro, Ore., have settled the patent infringement lawsuit that S1 brought against Corillian in March 2000.

Under the settlement, Corillian will obtain a license from S1 to a patent for a three-tier financial transaction system for supporting communications between customers and financial institution back-end processing systems, the companies say.

The companies did not disclose the terms of the settlement.