Perk Labs Receives Notice of Allowance for US Patent Application for Anti-Fraud Technology

Rhea-AI Summary

Perk Labs Inc. (OTCQB:PKLBF) has received a notice of allowance for a U.S. patent application aimed at enhancing electronic payments through fraud prevention techniques. This patent focuses on correlating transaction data with user device information. CEO Jonathan Hoyles emphasized the company's commitment to intellectual property protection as a vital aspect of their technology-driven strategy. In addition to this new patent, Perk Labs holds other patents for mobile invoice payments and has several patent applications pending in Canada, the U.S., and Australia related to electronic transactions and cryptographic tokens.

Positive

• Receipt of a notice of allowance for a significant U.S. patent, enhancing IP protection.
• Strengthened market position in mobile payment technology and fraud prevention.

Negative

• None.

VANCOUVER, BC / ACCESSWIRE / February 22, 2023 / Perk Labs Inc. (CSE:PERK)(OTCQB:PKLBF)(FKT:PKLB) ("Perk" or the "Company"), the parent company of Perk Hero, the company helping businesses transition to the digital economy, today announced it has received a notice of allowance for a United States patent application directed at systems and methods for electronic payments with fraud prevention based on correlating transaction data and information from a user's device.

"As a technology-driven company, intellectual property protection is paramount to our success, and we're delighted to receive a notice of allowance for our anti-fraud technology patent application. This recognition not only validates our innovation and leadership in the mobile payment industry but also strengthens our position in protecting our valuable intellectual property" said Jonathan Hoyles, CEO of Perk Labs. "We've placed security and anti-fraud as our highest priority and remain committed to investing in research and development and advancing our technology to deliver secure and seamless payment solutions to our customers."

Perk Labs also holds a U.S. and Canadian patent for enabling the payments of invoices and bills using a mobile device and has the following patent applications pending:

• Canadian patent application pending for the anti-fraud invention referenced above.
• Canadian patent pending for an invention directed at wireless electronic transactions.
• U.S., Australia, and Canada patent applications directed to a method, system, and computer readable medium for transferring cryptographic tokens.

About Perk Labs Inc.

Perk Labs Inc. (CSE:PERK) (OTCQB:PKLBF) (FKT:PKLB) is the owner of Perk Hero, the mobile commerce platform on a mission to empower business owners with the digital tools to provide their customers with dining experiences that are more engaging, convenient and rewarding.

For more information about Perk Labs, please visit www.perklabs.io. Visit Perk Hero at www.perkhero.com.

For more information on a Perk Franchise, visit www.perkfranchise.com.

For more information contact:
Jonathan Hoyles, CEO
Perk Labs Inc.
(833) 338-0299
investors@perklabs.io

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

This press release contains forward-looking information or forward-looking statements (collectively "forward-looking information") within the meaning of applicable securities laws. Forward-looking information is typically identified by words such as: "may", "believe", "thinks", "expect", "exploring", "expand", "could", "anticipate", "intend", "estimate", "plan", "pursue", "potentially", "projected", "should", "will" and similar expressions, or are those, which, by their nature, refer to future events. These forward-looking statements, which involve risks and uncertainties, relate to, among other things, the discussion of the Company's business strategies and its expectations concerning future operations, validates our innovation and leadership in the mobile payment industry but also strengthens our position in protecting our valuable intellectual property. Although the Company considers these forward-looking statements to be reasonable based on information currently available to it, they may prove to be incorrect, and the forward-looking statements in this release are subject to numerous risks, uncertainties and other factors that may cause future results to differ materially from those expressed or implied in such forward-looking statements. The Company cautions investors that any forward-looking information provided by the Company is not a guarantee of future results or performance, and that actual results may differ materially from those in forward-looking statements. Undue reliance should not be placed on such forward-looking information, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur.

SOURCE: Perk Labs Inc.

View source version on accesswire.com:
https://www.accesswire.com/740275/Perk-Labs-Receives-Notice-of-Allowance-for-US-Patent-Application-for-Anti-Fraud-Technology

FAQ

What patent has Perk Labs received a notice of allowance for?

Perk Labs has received a notice of allowance for a U.S. patent application related to electronic payments and fraud prevention.

How does Perk Labs' new patent improve electronic payments?

The patent improves electronic payments by correlating transaction data with information from a user's device to enhance fraud prevention.

What other patents does Perk Labs hold?

Perk Labs holds patents for mobile invoice payments and has several other patent applications pending in Canada, the U.S., and Australia.

What is the significance of the patent for Perk Labs?

The patent strengthens Perk Labs' intellectual property protection and enhances its competitive position in the mobile payment industry.

What is the stock symbol for Perk Labs?

Perk Labs trades under the stock symbol PKLBF on the OTCQB.