Kioba Processing LLC v. Frost Bank DC

Kioba Processing, LLC, an NPE associated with Georgia monetization firm IPInvestments Group LLC (d/b/a IPinvestments Group), has added a case against Cullen/Frost Bankers (Frost Bank) (2:22-cv-00057) to the litigation campaign that it began in July 2020 with a suit against American Express. The defendant is accused of infringing three patents—each received from Intellectual Ventures LLC (IV)—through the provision of various network-based finance products, including the Frost website and mobile app, as well as the Freeze/Unfreeze Card service.