Esquire Bank And USAA Sign RDC Patent Licensing Agreement

SAN ANTONIO – USAA and Esquire Bank have entered into an agreement that provides Esquire a license to more than 151 USAA patents covering remote deposit capture (RDC) technology. Under the license, Esquire may continue offering its customers the convenience of easily depositing checks with their mobile device.

“USAA is proud of our record of innovation, including remote deposit capture technology that has made banking easier for our members,” said Nathan McKinley, USAA vice president and head of Corporate Development. “And under the licensing agreement, we’re pleased that Esquire customers will benefit as well.”

USAA has multiple RDC license agreements in place with banks and credit unions and has noted software vendors cannot provide any license to USAA’s patents. “Banks are acknowledging USAA’s patent rights,” McKinley added. “Our licensing team is working directly with banks and credit unions to create reasonable licensing agreements that benefit their customers.” 

About USAA

Founded in 1922 by a group of military officers, USAA is among the leading providers of insurance, banking, and investment and retirement solutions to more than 13 million members of the U.S. military, veterans who have honorably served and their families. Headquartered in San Antonio, USAA has offices in eight U.S. cities and three overseas locations and employs more than 38,000 people worldwide. Each year, the company contributes to national and local nonprofits in support of military families and communities where employees live and work. For more information about USAA, follow us on Facebook or Twitter (@USAA), or visit usaa.com.

About Esquire Bank

Esquire Financial Holdings, Inc. is a bank holding company headquartered in Jericho, New York, with one branch office in Jericho, New York and an administrative office in Boca Raton, Florida. Its wholly owned subsidiary, Esquire Bank, National Association, is a full-service commercial bank dedicated to serving the financial needs of the legal industry and small businesses nationally, as well as commercial and retail clients in the New York metropolitan area. The Bank offers tailored products and solutions to the legal community and their clients as well as dynamic and flexible merchant services solutions to small business owners. For more information, visit www.esquirebank.com.