LML Patent Corp.,
a wholly-owned, indirect subsidiary of LML Payment Systems Inc. LMLP announced today that it has received payment in
the amount of $5,000,000 and has entered into a Settlement and License
Agreement with Wells Fargo Bank, N.A. with respect to
litigation filed by LML in the U.S. District Court for the Eastern District of
Texas alleging that Wells Fargo infringed U.S. Patent No. RE40,220.
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