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Credit Card Cos. Hit With Prepaid Card Patent Suit

Law360 (July 19, 2007, 12:00 AM EDT) -- A Florida-based patent-holding company has filed a patent infringement lawsuit against credit card companies American Express Co., Mastercard Inc. and Visa USA Inc. for allegedly violating patents related to prepaid gift cards.

Every Penny Counts Inc. filed a lawsuit against the credit card companies and another suit against gift card processors in a Florida federal court on Tuesday. In both cases, EPC is seeking to enjoin the defendants from further alleged infringement, treble damages for willful infringement and attorney's fees.

EPC accused the credit card companies...
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