[April 21, 2015] |
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Green Dot Awarded New Mobile Patent, Expanding its Patent Library Related to Secure and Geo-Location-Aware Devices
Green Dot Corporation (NYSE:GDOT) today announced the issuance of U.S.
Patent No. 8,989,778, a patent that is directed to secure and private
location sharing for location-aware mobile communication devices. This
latest patent, in addition to Green Dot's other granted patents and
patents pending, is indicative of Green Dot's growing intellectual
property catalog related to mobile technology, financial services
innovations and geo-location processes and capabilities.
"Over the past decade, geo-location technologies have changed the way
companies engage with customers, enabling much more personal and locally
relevant experiences," said Alok Deshpande, Chief Product Officer, Green
Dot Corporation. "In addition to the obvious benefits of applying
geo-location to creating customized user experiences, we also believe
that geo-location will be a foundational technology in the development
of Green Dot's next generation risk management and fraud prevention
tools."
About Green Dot Corporation
Green Dot Corporation, along with its wholly owned subsidiary, Green Dot
Bank, is a pro-consumer financial technology innovator with a mission to
reinvent personal banking for the masses. Green Dot invented the prepaid
debit card industry and is the largest provider of reloadable prepaid
debit cards and cash reload processing services in the United States.
Green Dot is also a leader in mobile technology and mobile banking with
its award-winning GoBank mobile checking account. Through its wholly
owned subsidiary, TPG, Green Dot is additionally the largest processor
of tax refund disbursements in the U.S. Green Dot's products and
services are available to consumers through a large-scale "branchless
bank" distribution network of more than 100,000 U.S. retail locations,
thousands of neighborhood financial service center locations, online, in
the leading app stores and through 25,000 tax preparation offices and
leading online tax preparation providers. Green Dot Corporation is
headquartered in Pasadena, Calif., with additional facilities throughout
the United States and in Shanghai, China.
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