Defendant
2 cases as defendant.
Green Dot Corporation is a publicly traded financial technology and bank holding company founded in 1999. Headquartered in Austin, Texas, the company trades on the New York Stock Exchange under the ticker GDOT. As of early May 2026, Green Dot had a market capitalization of approximately $716 million. For the trailing 12 months ending December 31, 2025, the company's revenue was reported to be $2.08 billion. Green Dot employs around 1,200 people.
Green Dot operates primarily as a "branchless bank" and is known as the world's largest prepaid debit card company by market capitalization. The company offers a range of financial products, including debit, prepaid, checking, credit, and payroll cards. It also provides money processing services, tax refund processing, and cash deposit and disbursement services through a network of over 90,000 retail locations. A significant part of Green Dot's business is its Banking as a Service (BaaS) platform, which enables other companies, such as Apple, Intuit, and Walmart, to offer their own customized banking and payment solutions. Green Dot's technology platform is utilized for services like Apple Cash and Uber.
Reflecting its position as an operating company, Green Dot Corporation has only appeared as a defendant in its tracked patent litigation history. The two tracked cases show it being sued, not asserting its own patents. Both of these cases were filed in the U.S. District Court for the Western District of Texas, a popular venue for patent litigation.
The two lawsuits were filed by HBCU Messaging US LP, which alleges that Green Dot and co-defendant Apple, Inc. infringe on seven patents related to mobile messaging technology. The plaintiff claims that Green Dot's payment technology, as implemented in the Apple Cash service, infringes on these patents. The plaintiff, HBCU Messaging US LP, is a subsidiary of the HBCU Technology Foundation and was formerly known as Rembrandt Messaging Technologies II, LP, an entity associated with patent monetization firm Rembrandt IP Management, LLC.
The complaint alleges that Apple's messaging services and devices, and Green Dot's technology, infringe upon seven patents, including U.S. Patent No. 11,653,183. The patents relate to a messaging system that can use either SMS or a packet switched message service. The plaintiff acquired the patents from Rembrandt IP Management, LLC.
The lawsuit alleges that Apple's Cash service, Messages app, and supporting hardware infringe on seven mobile messaging patents, including the '601 patent. The case is active, and as of late 2025, the parties have been engaged in claim construction proceedings.