Intercurrency Software v. Wise PLC: Currency Trading Patent Suit Dismissed With Prejudice
Intercurrency Software LLC asserted four patents covering consolidated and multi-currency trading platforms against Wise PLC in the Eastern District of Texas. The case ended in a joint stipulated dismissal with prejudice after 199 days, with each party bearing its own costs — a resolution that forecloses any refiling of the same claims.
Four-Patent Currency Platform Suit Ends in Prejudicial Dismissal
Filed on 26 November 2024 before Judge Rodney Gilstrap in the Eastern District of Texas, Intercurrency Software LLC brought an infringement action against Wise PLC — the London-headquartered international money transfer and currency exchange platform — asserting four US patents: US10776863B1, US11449930B1, US10062107B1, and US11620701B1. The patents collectively cover methods and apparatus for consolidated trading platforms, displaying trading assets in a preferred currency, trading assets across different currencies, and multi-currency trading platforms.
The case closed on 13 June 2025 via a joint stipulation of dismissal with prejudice filed under Federal Rule of Civil Procedure 41(a)(1)(A)(ii). Judge Gilstrap acknowledged and accepted the stipulation, ordering that all claims Intercurrency raised or could have raised against Wise are dismissed with prejudice. The parties agreed to bear their own costs, expenses, and attorneys’ fees, with all pending relief requests denied as moot.
The 199-day lifespan and the mutual cost-bearing arrangement are consistent with a negotiated settlement or cross-licensing agreement reached before substantive merits litigation, though the public record is silent on any financial terms. The with-prejudice designation is significant: Intercurrency cannot reassert the same patent claims against Wise in future proceedings, effectively closing this enforcement avenue permanently. What drove the resolution — whether commercial terms, a licence, or litigation economics — remains undisclosed.
Filing to Dismissed with Prejudice in 199 days
199 days — faster than the E.D. Texas median for multi-patent infringement actions, suggesting early resolution
Dismissed with prejudice: what the joint stipulation means for both parties
Rule 41(a)(1)(A)(ii): joint stipulated dismissal with prejudice
Under FRCP 41(a)(1)(A)(ii), parties may voluntarily dismiss an action without court order by filing a signed stipulation. Here, both Intercurrency and Wise signed, making dismissal self-executing upon filing. The court’s order merely acknowledges acceptance. The ‘with prejudice’ designation means the dismissal operates as a final adjudication on the merits — the same claims cannot be re-litigated in any future proceeding.
Claims permanently extinguishedIntercurrency surrenders future enforcement against Wise on all four patents
By agreeing to dismissal with prejudice, Intercurrency Software LLC permanently relinquishes its right to assert US10776863B1, US11449930B1, US10062107B1, and US11620701B1 against Wise PLC. Crucially, the stipulation covers not only claims raised but claims that ‘could have raised’ — foreclosing any new theory against Wise under these patents. This scope is broader than a standard dismissal and is consistent with a settlement that includes a licence or covenant not to sue.
No re-filing possible against WiseWise secures permanent freedom-to-operate against these four patents
For Wise PLC, dismissal with prejudice on all claims — including those that ‘could have been raised’ — functions as a permanent shield against Intercurrency’s patent portfolio in this dispute. Wise avoids any damages exposure, injunction risk, or adverse claim construction ruling. No fee award was made against either party, suggesting Wise did not pursue an exceptional case finding under 35 U.S.C. § 285, which is consistent with a negotiated resolution rather than a contested win.
Permanent FTO against Intercurrency patentsFintech currency platforms face ongoing NPE assertion risk in E.D. Texas
The filing pattern — an NPE asserting multiple continuation-style patents in E.D. Texas against a high-profile fintech defendant — is a well-established enforcement strategy. The rapid resolution without public financial terms suggests the litigation economics favoured settlement. For other fintech platforms offering multi-currency or consolidated trading features, Intercurrency’s remaining portfolio may still pose assertion risk, and this outcome does not resolve the validity or scope of the underlying patents.
NPE risk remains for fintech sectorFull party and counsel information
| Role | Name | Type | Detail |
|---|---|---|---|
| Plaintiff | Intercurrency Software, LLC | Company | Currency trading software IP licensor — holder of US10776863B1 and three related platform patentsSearch in Eureka ↗ |
| Defendant | Wise PLC | Company | Wise PLC — global fintech platform for international money transfers and multi-currency exchangeSearch in Eureka ↗ |
| Plaintiff counsel | Christopher A. Honea | Attorney | Counsel for Intercurrency Software, LLCSearch in Eureka ↗ |
| Plaintiff law firm | Garteiser Honea PLLC | Law Firm | Representing Intercurrency Software, LLCSearch in Eureka ↗ |
| Defendant counsel | Alexis Robison | Attorney | Counsel for Wise PLCSearch in Eureka ↗ |
| Defendant counsel | Douglas Mark Kubehl | Attorney | Counsel for Wise PLCSearch in Eureka ↗ |
| Defendant counsel | Melissa Leyla Muenks | Attorney | Counsel for Wise PLCSearch in Eureka ↗ |
| Defendant law firm | Baker Botts LLP | Law Firm | Representing Wise PLCSearch in Eureka ↗ |
| Defendant law firm | Baker Botts LLP (Dallas) | Law Firm | Representing Wise PLCSearch in Eureka ↗ |
| Presiding judge | Judge Rodney Gilstrap | Judge | Texas Eastern District CourtSearch in Eureka ↗ |
Official order — verbatim text
The court’s order adopts the parties’ stipulation verbatim, acknowledging and accepting dismissal ‘with prejudice of all claims that Plaintiff raised or could have raised against Wise.’ The expansive ‘could have raised’ language mirrors a full release in scope, going beyond the four asserted patents to extinguish any related claim theories against Wise. The mutual cost-bearing provision and denial of all pending relief as moot confirms no substantive adjudication occurred — the resolution is procedural, not a merits determination on validity or infringement.
US10776863B1 — Consolidated multi-currency trading platform technology
The four asserted patents — US10776863B1, US11449930B1, US10062107B1, and US11620701B1 — collectively protect methods and apparatus for presenting, managing, and executing trades in assets denominated in or convertible across different currencies. The application numbers span filings from 2007 (US11/736583) through 2022 (US17/948217), suggesting a prosecution strategy that extended core platform concepts across a decade and a half of continuation filings. The technical domain sits at the intersection of financial software, currency conversion, and user-interface design for trading systems.
For fintech platforms offering real-time currency conversion, multi-currency wallets, or consolidated asset views — as Wise PLC does — these patents represent a credible assertion risk. The breadth of the claimed methods, covering both display and execution of trades across currencies, maps onto core product functionality common across neobanks, FX platforms, and international payment services. The fact that an NPE has assembled and litigated this portfolio in E.D. Texas signals that the claims have at minimum survived initial pre-suit analysis, making FTO review prudent for any competitor operating in this space.
Should you run an FTO against US10776863B1 and related currency trading patents?
Any fintech company offering multi-currency account management, consolidated asset trading views, or preferred-currency display features should treat this portfolio as a live risk. The Intercurrency patents were asserted against Wise PLC — one of the world’s best-resourced international payments platforms — and resolved without a validity or non-infringement ruling. That means the patents remain presumptively valid and enforceable against other defendants. Product teams building or scaling currency conversion, FX trading, or multi-asset display features should commission FTO analysis before launch or expansion.
PatSnap Eureka’s FTO Search Agent can map US10776863B1, US11449930B1, US10062107B1, and US11620701B1 against your product’s feature set, identify claim elements that overlap with your implementation, and surface prior art or design-around strategies. Eureka also tracks the Intercurrency portfolio for continuation filings and new assignments — giving your IP team early warning if new claims or new plaintiffs enter the picture before they land on your doorstep.
Run a freedom-to-operate analysis on US10776863B1 to assess your product’s exposure
Run FTO in Eureka →Similar fintech currency patent cases in E.D. Texas and related courts
Cases involving NPE assertions of currency trading, FX platform, and multi-currency software patents in the Eastern District of Texas and comparable fintech IP venues.
What this case signals for the fintech and currency trading IP landscape
A multi-patent NPE action against a major fintech in E.D. Texas resolving in under 200 days — here is what IP teams should take away.
E.D. Texas remains the preferred venue for fintech NPE assertions
Judge Gilstrap’s docket in the Eastern District of Texas continues to attract NPE plaintiffs asserting software and fintech patents. IP teams at currency exchange, payments, and trading platforms should monitor new filings in this court as an early-warning indicator. Rapid resolution here does not reduce the cost burden of litigation or the disruptive effect of assertion campaigns.
With-prejudice dismissals signal resolution — but not patent invalidity
A joint dismissal with prejudice says nothing about whether the asserted patents are valid or infringed. The four Intercurrency patents remain in force and could be asserted against other defendants. Any fintech platform offering consolidated or multi-currency trading functionality should conduct FTO analysis against US10776863B1, US11449930B1, US10062107B1, and US11620701B1 before assuming this resolution is sector-wide clearance.
Intercurrency v Wise — key questions answered
The case was dismissed with prejudice by joint stipulation under FRCP 41(a)(1)(A)(ii) on 13 June 2025. All claims Intercurrency raised or could have raised against Wise PLC were extinguished. The parties agreed to bear their own costs, expenses, and attorneys’ fees. No merits determination on validity or infringement was made.
Intercurrency asserted four patents: US10776863B1 (consolidated trading platform), US11449930B1 (displaying trading assets in a preferred currency), US10062107B1 (trading assets in different currencies), and US11620701B1 (platform for trading assets in different currencies). The application filing dates span 2007 to 2022, suggesting a continuation-based prosecution strategy.
Dismissal with prejudice is a final adjudication on the merits under US procedural law. Intercurrency Software LLC cannot refile any of the asserted claims — or claims that could have been raised — against Wise PLC in any future proceeding. The stipulation’s ‘could have raised’ language is particularly broad, effectively functioning as a full release of all related patent claims.
No. A dismissal with prejudice resolves only the dispute between Intercurrency and Wise PLC. The four asserted patents remain in force and presumptively valid. Intercurrency retains the right to assert US10776863B1, US11449930B1, US10062107B1, and US11620701B1 against other defendants in the fintech, currency trading, or multi-currency platform sector.
The Eastern District of Texas, and Judge Gilstrap’s docket in particular, is a historically preferred venue for NPE patent plaintiffs due to its plaintiff-friendly procedural history, efficient case management, and established patent litigation infrastructure. Filing in E.D. Texas is consistent with Intercurrency Software’s profile as a non-practising entity seeking efficient resolution of its software patent portfolio.
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