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AmEx, Visa Sued Over Prepaid Cards

Law360 (September 12, 2008, 12:00 AM EDT) -- American Express Co. and Visa USA Inc. are facing a patent infringement lawsuit over their sale of prepaid debit cards.

In a complaint filed Wednesday in the U.S. District Court for the District of Connecticut, patent-holding company SpendingMoney LLC accuses the credit card agencies of infringing a patent covering a data processing method for configuring and monitoring prepaid debit cards through a host credit card.

The suit claims American Express Travelers Cheque Card and Visa Buxx card infringe U.S. Patent Number 5,864,830, which Stamford, Conn.-based SpendingMoney...
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