US 10796296

US Patent 10,796,296 Summary

Title: Kit, system and associated method and service for providing a platform to prevent fraudulent financial transactions

Assignee: Paygeo LLC

Inventors: Rabih S. Ballout

Filing Date: May 22, 2020

Issue Date: October 6, 2020

Abstract: A system and associated method and service for providing a platform that enables members to transfer, receive, or otherwise exchange cash in various international denominations and commodities, such as precious metals (e.g., gold, silver, etc.), in a mobile highly secured telecommunications environment. The system is capable of delivering cash instantly between two or more users by allowing the exchange of secure transactions between system and cash dispensing machines (ATMs). Users may pay, receive, exchange, deposit, transfer, pay bills, exchange currency, retrieve cash, deposit cash and create accounts based on the mobile phone number or a system generated code.

Independent Claim Overview:

The patent features three independent claims: Claim 1 (system), Claim 10 (method), and Claim 18 (non-transitory computer readable medium). All three claims describe essentially the same core functionalities, differing only in their statutory class (system, method, or computer readable medium).

Claim 1 (System): This claim describes a system for performing mobile financial transactions. The system includes a mobile transaction platform with at least one server configured to:

• "Good Deal" Application: Provide an application for mobile devices that facilitates monetary transactions between individuals or companies within a digital wallet environment.
• "Good Money" Function: Offer a function that, when activated, generates a legal tender equivalent to a user's chosen currency, backed by commodities or precious metals.
• "Swipay" or "Swipmail" Function: Enable the transfer of data, funds, or instruments between user devices by a finger swipe, or from a user device to a scanner.
• Digital Wallet Information Storage: Allow users to upload and store various forms of information typically found in a physical wallet (e.g., credit cards, IDs, loyalty cards) on their mobile device.
• Coded Transactions: Facilitate transactions that can be coded into various formats like 2D/3D bar/matrix/QR/maxi codes or SMS, readable by smartphones, scanners, or cashier scanners.
• Profile-Based Advertising: Profile users and offer vendors and advertisers the ability to target advertisements based on factors such as location, interests, demographics, product history, time zones, or geographic location.
• Transaction Metric Tracking: Track various transaction-related data, including amounts transferred/received, cash spent/transferred, items purchased, transaction locations (originating and destination), currency types, commodities exchanged/sold/purchased, and spending habits.

Claim 10 (Method): This claim describes a method for performing mobile financial transactions, encompassing the same functionalities as described in Claim 1, but framed as a series of steps performed by the system.

Claim 18 (Non-Transitory Computer Readable Medium): This claim describes a non-transitory computer readable medium containing computer instructions that, when executed, cause a device to perform the same functionalities as described in Claim 1 and Claim 10.

Litigation Notes:

US Patent 10796296 is currently active and has been involved in litigation.

• The patent family has ongoing litigation, with the first worldwide family litigation filed as indicated by Darts-ip.
• A PTAB case, IPR2025-01552, was filed but was not instituted on procedural grounds.
• A US case has been filed in the Texas Eastern District Court (case number 2:25-cv-00334).
• There is no information regarding specific CAFC 2026 dockets for US10796296.## US Patent 10,796,296 Summary

Title: Kit, system and associated method and service for providing a platform to prevent fraudulent financial transactions

Assignee: Paygeo LLC

Inventors: Rabih S. Ballout

Filing Date: May 22, 2020

Issue Date: October 6, 2020

Abstract: A system and associated method and service for providing a platform that enables members to transfer, receive, or otherwise exchange cash in various international denominations and commodities, such as precious metals (e.g., gold, silver, etc.), in a mobile highly secured telecommunications environment. The system is capable of delivering cash instantly between two or more users by allowing the exchange of secure transactions between system and cash dispensing machines (ATMs). Users may pay, receive, exchange, deposit, transfer, pay bills, exchange currency, retrieve cash, deposit cash and create accounts based on the mobile phone number or a system generated code.

Independent Claim Overview:

The patent features three independent claims: Claim 1 (system), Claim 10 (method), and Claim 18 (non-transitory computer readable medium). All three claims describe essentially the same core functionalities, differing only in their statutory class (system, method, or computer readable medium).

Claim 1 (System): This claim describes a system for performing mobile financial transactions. The system includes a mobile transaction platform with at least one server configured to:

• "Good Deal" Application: Provide an application for mobile devices that facilitates monetary transactions between individuals or companies within a digital wallet environment.
• "Good Money" Function: Offer a function that, when activated, generates a legal tender equivalent to a user's chosen currency, backed by commodities or precious metals.
• "Swipay" or "Swipmail" Function: Enable the transfer of data, funds, or instruments between user devices by a finger swipe, or from a user device to a scanner.
• Digital Wallet Information Storage: Allow users to upload and store various forms of information typically found in a physical wallet (e.g., credit cards, IDs, loyalty cards) on their mobile device.
• Coded Transactions: Facilitate transactions that can be coded into various formats like 2D/3D bar/matrix/QR/maxi codes or SMS, readable by smartphones, scanners, or cashier scanners.
• Profile-Based Advertising: Profile users and offer vendors and advertisers the ability to target advertisements based on factors such as location, interests, demographics, product history, time zones, or geographic location.
• Transaction Metric Tracking: Track various transaction-related data, including amounts transferred/received, cash spent/transferred, items purchased, transaction locations (originating and destination), currency types, commodities exchanged/sold/purchased, and spending habits.

Claim 10 (Method): This claim describes a method for performing mobile financial transactions, encompassing the same functionalities as described in Claim 1, but framed as a series of steps performed by the system.

Claim 18 (Non-Transitory Computer Readable Medium): This claim describes a non-transitory computer readable medium containing computer instructions that, when executed, cause a device to perform the same functionalities as described in Claim 1 and Claim 10.

Litigation Notes:

US Patent 10796296 is currently active and has been involved in litigation.

• The patent family has ongoing litigation, with the first worldwide family litigation filed.
• A PTAB case, IPR2025-01552, was filed but was not instituted on procedural grounds.
• A US case has been filed in the Texas Eastern District Court (case number 2:25-cv-00334).
• There is no information regarding specific CAFC 2026 dockets for US10796296.