May 15, 2002 3:35 PM PDT
PayPal sued in patent dispute
Separately, privately held Internet company NetMoneyIn has accused PayPal of violating some of its patents related to processing credit and debit card payments, according to PayPal's regulatory filing. NetMoneyIn has said it will sue PayPal if PayPal doesn't license the patents; PayPal does not believe it is violating the patents. Last month, PayPal settled a patent dispute with online security company CertCo. CertCo sued PayPal in February, forcing the online payments company to delay its initial public offering.