Patents by Inventor Michael A. Aday

Michael A. Aday has filed for patents to protect the following inventions. This listing includes patent applications that are pending as well as patents that have already been granted by the United States Patent and Trademark Office (USPTO).

  • Patent number: 9313197
    Abstract: A method of assessing risk in an electronic transaction involves assignment of quality attributes to cryptographic identities presented in a digital transaction. The quality assignment supports assessment of risk in the transaction. The evaluation of risk in the transaction is made by assessing machine readable attributes of the digital identities along with transaction details. The digital identity attributes may be constructed using extensions of existing standards. A guarantee against risk of loss may be obtained by procuring insurance on the transaction before execution. Third party insurers may analyze the risk of loss in a transaction by assessing the attributes of digital identities along with transaction details and may provide a requestor with an insurance premium quote. Based on the value of the quote, the transaction participants may decide whether or not to execute the transaction.
    Type: Grant
    Filed: February 23, 2015
    Date of Patent: April 12, 2016
    Assignee: Microsoft Technology Licensing, LLC
    Inventors: Michael A. Aday, Bryan M. Willman
  • Publication number: 20150172278
    Abstract: A method of assessing risk in an electronic transaction involves assignment of quality attributes to cryptographic identities presented in a digital transaction. The quality assignment supports assessment of risk in the transaction. The evaluation of risk in the transaction is made by assessing machine readable attributes of the digital identities along with transaction details. The digital identity attributes may be constructed using extensions of existing standards. A guarantee against risk of loss may be obtained by procuring insurance on the transaction before execution. Third party insurers may analyze the risk of loss in a transaction by assessing the attributes of digital identities along with transaction details and may provide a requestor with an insurance premium quote. Based on the value of the quote, the transaction participants may decide whether or not to execute the transaction.
    Type: Application
    Filed: February 23, 2015
    Publication date: June 18, 2015
    Inventors: Michael A. Aday, Bryan M. Willman
  • Patent number: 8966245
    Abstract: A method of assessing risk in an electronic transaction involves assignment of quality attributes to cryptographic identities presented in a digital transaction. The quality assignment supports assessment of risk in the transaction. The evaluation of risk in the transaction is made by assessing machine readable attributes of the digital identities along with transaction details. The digital identity attributes may be constructed using extensions of existing standards. A guarantee against risk of loss may be obtained by procuring insurance on the transaction before execution. Third party insurers may analyze the risk of loss in a transaction by assessing the attributes of digital identities along with transaction details and may provide a requestor with an insurance premium quote. Based on the value of the quote, the transaction participants may decide whether or not to execute the transaction.
    Type: Grant
    Filed: January 30, 2004
    Date of Patent: February 24, 2015
    Assignee: Microsoft Technology Licensing, Inc.
    Inventors: Michael A. Aday, Bryan M. Willman
  • Patent number: 7370199
    Abstract: A method of controlling information exposure in a multiparty transaction includes an originating transaction participant cryptographically encoding all information for each of the transaction participants such that a unique data content and encryption are used for each of the messages destined to the other transaction participants. The cryptographically encoded messages are transmitted to the transaction participants such that each may decrypt their message and respond to a primary transaction participant with status concerning their portion of the transaction. After reception of affirmative status messages from the transaction participants, the primary transaction participant may transmit messages to the responding transaction participants to execute the multiparty transaction. The originating transaction participant may also be provided an indication that the multiparty transaction is executed.
    Type: Grant
    Filed: January 28, 2004
    Date of Patent: May 6, 2008
    Assignee: Microsoft Corporation
    Inventors: Michael A. Aday, Bryan M. Willman, Marcus Peinado, Alan S. Geller