PayRange Inc., which provides a mobile payment solution for non-networked unattended retail machines, has filed a patent infringement lawsuit against KioSoft, seeking damages estimated to be in excess of $50 million and a permanent injunction barring further infringing sales, according to a press release.
PayRange, which serves unattended retail machines such as vending, laundry and amusements, said its technology and intellectual property portfolio are protected by 18 patents and another 35-plus pending patent applications. The suit was filed in the U.S. District Court for the Southern District of Florida.
PayRange was founded by Paresh Patel, an unattended retail veteran, to provide operators and consumers with a simple and secure mobile payment and loyalty solution for laundry, vending, amusement, and other small ticket merchants. PayRange is the North American leader in mobile payments for unattended retail, with over 3 million users and a network of machines throughout 350 cities and towns in the US and Canada. Find out more at www.payrange.com.