This was the first company to "enable merchants to verify consumer checks over the phone using an automated system without the assistance of a live operator".
[5] In 1988, Mr. Katz formed a partnership with American Express Company to provide call processing services.
RAKTL's primary purpose is to license the Katz patent portfolio to companies using automated call centers.
Katz has also founded Telebuyer, LLC, a privately held company that commercializes inventions he made relating to electronic commerce and network-based monitoring systems.
Mr. Katz leveraged his knowledge and work in these areas to create an electronic commerce system to help businesses reach customers in remote locations.
In three of the cases, the patent office disagreed and felt that the new prior art was not sufficiently strong to warrant a reexamination.