October 3, 2019 / 12:08 AM / 18 days ago

Green Dot’s challenge to reloadable-card patent was right on the money, judge rules

In a win for the Green Dot Corporation, a federal judge in Manhattan on Wednesday invalidated a patent on “Card Based Transfer Accounts” that the prepaid debit-card giant had been accused of infringing.

U.S. District Judge Denise Cote said the concept of transferring money through a bankcard is a “fundamental economic practice” similar to others that the U.S. Supreme Court and the U.S. Court of Appeals for the Federal Circuit have found ineligible for patent protection since 2014.

To read the full story on Westlaw Practitioner Insights, click here: bit.ly/2oD9vv1

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