Hagens Berman Files Patent Infringement Lawsuits against Green Dot and NetSpend

Hagens Berman has filed two lawsuits on behalf of Nevada-based Integrated Technological Systems, Inc. alleging that two major providers of prepaid debit cards, Green Dot (NYSE: GDOT) and NetSpend (NASDAQ: NTSP) are infringing an ITS patent on a system and method for transfers between prepaid debit cards. According to the complaint, Green Dot uses its infringing system to effect transfers from its MoneyPak Card to Green Dot and various other prepaid debit cards. NetSpend, likewise, uses its infringing system to effect transfers between its customers' NetSpend's General Purpose Renewable (GPR) prepaid debit cards.