The SVC Unit License Right™ (ULR™) contract offerings provide market participants an opportunity to acquire low cost, non-exclusive licenses to a portfolio of 17 U.S. and 4 U.K. patents relating to prepaid stored value card ("SVC") technologies. The sponsor for these offerings is Corporate Founding Member, JPMorgan Chase Bank, N.A. ("JPMorgan Chase").
The SVC-AP ULR contract relates to any-purpose stored value cards while the SVC-SF ULR contract relates to sponsor-funded stored value cards. Companies that purchased ULR contracts prior to July 19, 2014 were granted full amnesty for any past use of the patented technologies.
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IPXI Market Rulebook