Esquire Bank Executes Patent License Agreement With USAA For The Use Of Its 151 Patents Covering Remote Deposit Capture Technology
Portfolio Pulse from Benzinga Newsdesk
Esquire Financial Holdings, Inc. (NASDAQ:ESQ) has executed a Patent License Agreement with USAA for the use of its 151 patents covering Remote Deposit Capture technology, allowing customers to deposit checks using their mobile devices.
June 07, 2024 | 12:33 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Esquire Financial Holdings, Inc. has signed a Patent License Agreement with USAA, enabling the use of its 151 patents for Remote Deposit Capture technology. This will allow customers to deposit checks using their mobile devices.
The agreement with USAA is likely to enhance Esquire Bank's service offerings by enabling mobile check deposits, which could attract more customers and increase user engagement. This positive development is expected to have a favorable impact on ESQ's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100