New York Life Licenses Use Of Voice Application Patent

A financial services company will be paying an undisclosed fee for the rights to some of the technology that it uses to answer its telephones.

New York Life Insurance Company, New York, is paying the licensing fee to Ronald A. Katz Technology Licensing L.P., Los Angeles, Katz says.

New York Life agreed to pay the fee in connection with the settlement of patent litigation, Katz says.