USPTO Grants Anti-fraud Financial Transactions System Patent

ChangeBridge: Patent Grants - Business Methods (G06Q)

Published March 24th, 2026

Detected March 25th, 2026

Summary

The USPTO has granted a patent (US12586088B2) to APEX TECHLINK, INC. for an anti-fraud financial transactions system. The patent describes a method for conducting secure transactions using consumer devices and a passcode system to finalize purchases.

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What changed

The United States Patent and Trademark Office (USPTO) has granted patent US12586088B2 to APEX TECHLINK, INC. for an "Anti-fraud financial transactions system." The patent details a method for processing transactions initiated with a consumer device, involving user input, transmission of identification information to an account computer system, receipt of a passcode, and finalization of the transaction by transmitting the passcode to a store. The filing date for this application was January 19, 2023.

This patent grant is a notification of intellectual property protection for a specific technology. It does not impose new regulatory obligations on businesses. However, companies operating in the financial technology or retail sectors should be aware of this patented technology, as it may impact future product development or licensing considerations. No compliance actions are required based solely on this patent grant.

Source document (simplified)

← USPTO Patent Grants

Anti-fraud financial transactions system

Grant US12586088B2 Kind: B2 Mar 24, 2026

Assignee

APEX TECHLINK, INC.

Inventors

Alexander Song, Yuh-Shen Song, Catherine Lew

Abstract

A method for conducting a transaction with a consumer device includes receiving user input selecting a store as a party to the transaction with a consumer associated with the consumer device. The method also includes transmitting, to the account computer system, first identification information of the store and second identification information of the consumer device. The method further includes receiving, from the account computer system, a passcode based on transmitting the first identification information of the store. The method also includes receiving, from the account computer system, a payment amount due. The method still further includes transmitting the passcode to the store to finalize the transaction.