US 8554671

US patent 8554671, titled "System and associated method and service for providing a platform that allows for the exchange of cash between members in a mobile environment", was issued on October 8, 2013, from an application filed on July 18, 2011. The original assignee was "Individual," and the current assignee is Paygeo LLC. The inventor is Rabih Salem Ballout.

Abstract:
The patent describes a system, method, and service that provide 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. This system facilitates instant cash delivery between users by enabling secure transactions with ATMs (cash dispensing machines). Users can perform various financial actions such as paying, receiving, exchanging, depositing, transferring cash, paying bills, exchanging currency, and creating accounts using their mobile phone number or a system-generated code.

Independent Claims Overview:

• Independent Claim 1: This claim describes a mobile transaction platform. The platform includes a local transfer site connected to a network, at least one server, and databases. It has interfaces for users, broadcasters, advertisers, marketers, and payment systems (including ATMs). The platform enables users to register their mobile devices, set security levels (including password, voice, fingerprint, or DNA), store financial information, and select various functions. These functions include making payments, managing coupons, scanning information (like checks or credit cards), depositing funds, lending/borrowing, writing checks, and organizing finances. The system also tracks user activity for profile generation and targeted advertising.

  • Plain Language Overview: Claim 1 covers a comprehensive mobile payment system. It's like a digital wallet app that you can install on your phone. You set up your security (even with DNA!), store all your cards and bank info, and then use it to send/receive money, pay bills, use coupons, scan checks, and even manage loans. The system also learns your habits to offer personalized deals and ads.

• Independent Claim 13: This claim outlines a method for executing financial transactions using a mobile device and a mobile transaction platform. The method involves logging in with set security levels, selecting a function (e.g., PAY, COUPONS, SCAN, DEPOSIT, LEND/BORROW, WRITE A CHECK, ORGANIZE), and executing the chosen function. The method details the execution of a "PAY" function, where a user identifies a payee and a payment method, and then performs a payment action (like swiping a finger or generating a scannable code). The platform processes the transaction, updates accounts, and can handle foreign currency conversion or commodity exchange.

  • Plain Language Overview: Claim 13 describes the steps a user takes to perform financial actions with their phone and the PayGeo system. It covers logging in securely and then doing things like paying someone by selecting them and swiping your finger, or scanning a code. It also includes the system's behind-the-scenes work of confirming the payment, updating balances, and handling different currencies.

• Independent Claim 15: This claim describes a mobile device configured to interact with a mobile transaction platform for financial transactions. The device includes a processor, memory, and a display, and runs an application to communicate with the platform. This application allows the user to log in securely, choose from financial functions (like PAY, COUPONS, SCAN, DEPOSIT, LEND/BORROW, WRITE A CHECK, ORGANIZE), and execute them. The device can also generate scannable codes for transactions and store financial data.

  • Plain Language Overview: Claim 15 focuses on the mobile phone itself as part of the PayGeo system. It's about how the phone's hardware and the PayGeo app work together. The phone lets you log in, pick what you want to do (pay, save coupons, deposit, etc.), and then helps you complete the action, for example by showing a QR code to be scanned at an ATM.

CAFC 2026 Dockets:
As of April 26, 2026, a search of CAFC 2026 dockets for patent number 8554671 did not return any direct hits, meaning there are no explicitly listed cases involving US patent 8554671 in the summaries provided. While there are discussions of other patent cases at the Federal Circuit in 2026, they do not specifically name 8554671.