Irish financial software company Ardbrook Ltd is suing Revolut over the online payment service firm's use of a similar or identical payroll trademark, Breaking News reports.
Ardbrook Ltd and its parent company Relate Software Developments claim Revolut is infringing its "PayDay" payroll system. PayDay provides payroll services to around 4,000 customers, including SMEs, schools, credit unions, semi-state bodies and sporting organisations.
The PayDay trademark is held in the name of an associate company - SurfAccounts Ltd - under Irish and EU registrations.
Revolut Ltd is a UK-founded startup and financial app which is licensed as a bank in Lithuania and operates as a bank in ten central European countries. Revolut launched its PayDay sign in the UK in August 2020 and in Ireland in September.
The case was admitted to the Commercial Court on December 20 by Mr Justice Denis McDonald who was reportedly told that, following delays caused by an alleged refusal of Revolut to nominate solicitors for the receipt of the proceedings, the company has since engaged and now hopes to resolve the matter in a cost-effective manner.
The judge adjourned the case to January to allow the parties to try to reach an agreement. He said it seemed possible to resolve the differences and there should be no reason to incur other legal costs.
Compliance queries
In an affidavit seeking entry of the case to the commercial list, Ray Rogers - a director of the Ardbrook/Relate/SurfAccounts companies - said after learning in September about the launch of the Revolut product in the UK, their solicitors sought undertakings from Revolut that the alleged infringement activities would end. The plaintiffs also hold the PayDay trademark in the UK.
Mr Rogers said Revolut refused to do so and went on to launch in Ireland as well.
He said Revolut had publicly announced this and that Spectrum Wellness Ltd was to be its Irish partner for its PayDay product.
Spectrum was also initially sued but the proceedings were discontinued following a letter from the company saying that it had discontinued any association it may have had with the Revolut product.
Mr Rogers said his companies are also concerned that the Revenue Commissioners have raised a query about compliance with PAYE modernisation legislation following the launch of the Revolut product.
Mr Rogers said that any ensuing controversy in which Revenue maintains the Revolut product is not compliant could have serious reputational consequences for the plaintiffs' PayDay product as a result of the confusion caused by the Revolut service.
Source: Breaking News
Irish financial software company Ardbrook Ltd is suing Revolut over the online payment service firm's use of a similar or identical payroll trademark, Breaking News reports.
Ardbrook Ltd and its parent company Relate Software Developments claim Revolut is infringing its "PayDay" payroll system. PayDay provides payroll services to around 4,000 customers, including SMEs, schools, credit unions, semi-state bodies and sporting organisations.
The PayDay trademark is held in the name of an associate company - SurfAccounts Ltd - under Irish and EU registrations.
Revolut Ltd is a UK-founded startup and financial app which is licensed as a bank in Lithuania and operates as a bank in ten central European countries. Revolut launched its PayDay sign in the UK in August 2020 and in Ireland in September.
The case was admitted to the Commercial Court on December 20 by Mr Justice Denis McDonald who was reportedly told that, following delays caused by an alleged refusal of Revolut to nominate solicitors for the receipt of the proceedings, the company has since engaged and now hopes to resolve the matter in a cost-effective manner.
The judge adjourned the case to January to allow the parties to try to reach an agreement. He said it seemed possible to resolve the differences and there should be no reason to incur other legal costs.
Compliance queries
In an affidavit seeking entry of the case to the commercial list, Ray Rogers - a director of the Ardbrook/Relate/SurfAccounts companies - said after learning in September about the launch of the Revolut product in the UK, their solicitors sought undertakings from Revolut that the alleged infringement activities would end. The plaintiffs also hold the PayDay trademark in the UK.
Mr Rogers said Revolut refused to do so and went on to launch in Ireland as well.
He said Revolut had publicly announced this and that Spectrum Wellness Ltd was to be its Irish partner for its PayDay product.
Spectrum was also initially sued but the proceedings were discontinued following a letter from the company saying that it had discontinued any association it may have had with the Revolut product.
Mr Rogers said his companies are also concerned that the Revenue Commissioners have raised a query about compliance with PAYE modernisation legislation following the launch of the Revolut product.
Mr Rogers said that any ensuing controversy in which Revenue maintains the Revolut product is not compliant could have serious reputational consequences for the plaintiffs' PayDay product as a result of the confusion caused by the Revolut service.
Source: Breaking News