US Patent Issued to Paygeo on Nov. 4 for "Kit, system and associated method and service for providing a platform to prevent fraudulent financial transactions" (California Inventor)

ALEXANDRIA, Va., Nov. 6 -- United States Patent no. 12,462,240, issued on Nov. 4, was assigned to Paygeo LLC (South San Francisco, Calif.).

"Kit, system and associated method and service for providing a platform to prevent fraudulent financial transactions" was invented by Rabih S. Ballout (Burlingame, Calif.).

According to the abstract* released by the U.S. Patent & Trademark Office: "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 bet...