US 10937018

US patent 10937018, titled "Kit, system and associated method and service for providing a platform to prevent fraudulent financial transactions," was issued to Paygeo LLC. The inventor is Rabih S. Ballout. The filing date for this patent was September 1, 2020, and it was granted on March 2, 2021.

Abstract:
The patent describes a system, method, and service providing a platform for members to transfer, receive, or exchange cash in various international denominations and commodities (e.g., precious metals like gold, silver) within a highly secured mobile telecommunications environment. The system facilitates instant cash delivery between users and cash dispensing machines (ATMs) through secure transactions. Users can pay, receive, exchange, deposit, transfer, pay bills, exchange currency, retrieve cash, deposit cash, and create accounts using their mobile phone number or a system-generated code.

Independent Claims Overview:

• Claim 1: This claim describes a system for financial transactions in a mobile telecommunications environment. It includes a mobile device for a user, a local transfer site (PayGeo platform) that communicates with the mobile device, and a payment interface enabling access to payment centers and ATMs. The mobile device is capable of downloading a mobile application, setting security levels (e.g., password, voice recognition, fingerprint, or DNA sample), storing financial account information, and selecting functions for transactions. The system allows users to pay, deposit, lend/borrow funds, and write checks using various methods like swiping gestures (Swipay), scannable codes, or direct transfers, and facilitates transactions with ATMs, including cash withdrawals and deposits for both PayGeo and non-PayGeo accounts.

• Claim 18: This claim details a method for financial transactions using a mobile device in a mobile telecommunications environment. The method involves logging into a PayGeo user account on a mobile device, activating a "PAY" function, identifying a target payee and a payment method. The payment method can include cash, commodities, coupons, PayGeo points, credit cards, or a PayGeo legal tender. The method enables direct payments to various entities (registered PayGeo members, contacts from a phone list, social network users, or non-registered persons/institutions) using a swiping gesture (Swipay) or by generating a scannable code. It also covers interacting with ATMs for cash withdrawals by transmitting login information or generating scannable codes, and for deposits into PayGeo or ATM accounts.

• Claim 20: This claim describes a non-transitory computer-readable medium with instructions that, when executed by a processor, perform a method for financial transactions. The method includes logging into a user account, initializing a "PAY" application, identifying a target payee and payment method (cash, commodity, coupon, PayGeo points, credit card, or PayGeo legal tender). It enables payments via swiping or scannable codes to various recipients and facilitates cash withdrawals and deposits at ATMs using login information or scannable codes.

Litigation:
As of the current date, the patent family for US10937018B2 has litigation noted, including a PTAB case IPR2025-01553 which was filed but not instituted (procedural), and a US case filed in the Texas Eastern District Court (case 2:25-cv-00334). I do not have authoritative information on the status of the CAFC 2026 dockets specifically for patent 10937018 beyond what is mentioned on the Google Patents page.