PhoneCardSmile.Com Logo
E-mail: Password:
Welcome to
Gift Card News / Telecom News
TJX facing lawsuit over gift cards

Date: 11/14/2007 3:38:00 PM

TJX Cos. Inc. is being sued by Chicagobased Card Activation Technologies, it was announced Wednesday.

CAT filed the suit against the Framingham, Mass.based retailer, claiming it owes the company royalties from its activation and processing of gift cards.

Card Activation Technologies owns patented payment transaction technology used for processing gift cards, phone cards and other debit purchase transactions, and claims many retailers, including TJX Cos., that use the debit cards infringe on its patent. CAT is seeking a percentage of the amount of money transacted through using the patent technology, which is used to activate stored value on gift and other cards.

TJX Companies (NYSE: TJX) reported $17.4 billion in sales for fiscal 2007, which ended Jan. 27, 2007, according to SEC filings. U.S. stores produced 78 percent of those sales. While there is no breakout of sales attributed to gift cards, it is believed the total could be significant, according to a CAT news release.

CAT (OTCBB: CDVT) also has an injunction to halt further use of gift cards pending TJX obtaining a license agreement from Card Activation Technologies.

The lawsuit was filed in the U.S. Federal Court in Chicago on Nov. 6, 2007.

Because the lawsuit is pending, a TJX Cos. spokeswoman said the company could not comment.  Phone Card News Stats


<-- Back

International Phone Card Search

Calling From United States to:
Phone Card Name (Optional):
Provide Local Access in

Navigation Links:

Live Help!

My Rewards Program

Secured and Verified by:
About SSL Certificates
HACKER SAFE certified sites prevent over 99.9% of hacker crime.
Discover, Master, Visa, American Express
Your current IP is:

Phone Card Rates
Brazil Phone Card, Brazil Calling Card Flag   Brazil 0.2¢ Canada Phone Card, Canada Calling Card Flag   Canada 0.1¢
China Phone Card, China Calling Card Flag   China 0.1¢ Egypt Phone Card, Egypt Calling Card Flag   Egypt 3.1¢
France Phone Card, France Calling Card Flag   France 0.1¢ Germany phone card, Germany calling card flag   Germany 0.1¢
Iraq Phone Card, Iraq Calling Card Flag   Iraq 1.0¢ india phone card, india calling card flag   India 0.1¢
italy phone card, italy calling card flag   Italy 0.1¢ Japan Phone Card, Japan Calling Card Flag   Japan 0.3¢
Korea South Phone Card, Korea South Calling Card Flag   S. Korea 0.1¢ Mexico Phone Card, Mexico Calling Card Flag   Mexico 0.4¢
Nigeria Phone Card, Nigeria Calling Card Flag   Nigeria 2.8¢ Philippines Phone Card, Philippines Calling Card Flag   Philippines 4.6¢
Russia Phone Card, Russia Calling Card Flag   Russia 0.3¢ Taiwan Phone card, Taiwan Calling Card Flag   Taiwan 0.1¢
South Africa Phone Card, South Africa Calling Card Flag   S. Africa 0.9¢ USA Phone card, USA Calling Card Flag   USA 0.3¢
UK Phone Card, United Kingdom Calling Card Flag   UK 0.1¢ USA Phone card, USA Calling Card Flag   Vietnam 0.8¢
Phone Card News

More News...