PayPal contends that its online bill-payment system, patented in 1998, is being wrongly used by Chicago's largest bank. The Mountain View, Calif.-based unit of eBay seeks a jury trial and unspecified damages in its lawsuit in U.S. District Court in Delaware.
A CitiGroup spokesperson confirmed that the c2it online payment service will cease operations next month. c2it will close all customer accounts effective November 9, 2003, and will send remaining funds by check to customers. The site will be taken down on February 22, 2004.A banner on the C2it website confirms the news.