Patents by Inventor Michael Bankston

Michael Bankston 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).

  • Publication number: 20220222673
    Abstract: Methods and systems disclosed herein related to analyzing the risk of an identity-based transaction and offering the identity-based transaction to a risk exchange. An identity-based transaction may be a transaction that is initiated with a digital identity, and an assertions model manager may provide assertions about the digital identity for completing the identity-based transaction. The assertions model manager may use the assertions and information about the identity-based transaction to analyze transaction risk. A risk score for the identity-based transaction can be calculated, and then the identity-based transaction may be offered on a risk exchange.
    Type: Application
    Filed: March 28, 2022
    Publication date: July 14, 2022
    Inventors: Michael Bankston, Erik Friend, Jerry Wald
  • Publication number: 20220156738
    Abstract: Embodiments of the present invention are directed to methods and systems for the efficient management of a digital currency system using a cryptocurrency scheme. Embodiments utilize a payment processor computer to manage entities in the digital currency system, which have the rights to generate, distribute, transact with, and redeem units of a digital currency. In some embodiments, the digital currency may represent points in a loyalty program operated by an entity or organization. Transactions performed using the digital currency and rules governing the digital currency can be tracked and maintained in a master ledger maintained by the payment processor computer, and distributed as sub-ledgers to other entities within the digital currency system.
    Type: Application
    Filed: January 27, 2022
    Publication date: May 19, 2022
    Inventors: Michael Bankston, David White, Ryan Hagey, Arturo Martinez
  • Patent number: 11321716
    Abstract: Methods and systems disclosed herein related to analyzing the risk of an identity-based transaction and offering the identity-based transaction to a risk exchange. An identity-based transaction may be a transaction that is initiated with a digital identity, and an assertions model manager may provide assertions about the digital identity for completing the identity-based transaction. The assertions model manager may use the assertions and information about the identity-based transaction to analyze transaction risk. A risk score for the identity-based transaction can be calculated, and then the identity-based transaction may be offered on a risk exchange.
    Type: Grant
    Filed: February 15, 2019
    Date of Patent: May 3, 2022
    Assignee: Visa International Service Association
    Inventors: Michael Bankston, Erik Friend, Jerry Wald
  • Patent number: 11270299
    Abstract: Embodiments of the present invention are directed to methods and systems for the efficient management of a digital currency system using a cryptocurrency scheme. Embodiments utilize a payment processor computer to manage entities in the digital currency system, which have the rights to generate, distribute, transact with, and redeem units of a digital currency. In some embodiments, the digital currency may represent points in a loyalty program operated by an entity or organization. Transactions performed using the digital currency and rules governing the digital currency can be tracked and maintained in a master ledger maintained by the payment processor computer, and distributed as sub-ledgers to other entities within the digital currency system.
    Type: Grant
    Filed: December 7, 2015
    Date of Patent: March 8, 2022
    Assignee: Visa International Service Association
    Inventors: Michael Bankston, David White, Ryan Hagey, Arturo Martinez
  • Publication number: 20200265435
    Abstract: Methods and systems disclosed herein related to analyzing the risk of an identity-based transaction and offering the identity-based transaction to a risk exchange. An identity-based transaction may be a transaction that is initiated with a digital identity, and an assertions model manager may provide assertions about the digital identity for completing the identity-based transaction. The assertions model manager may use the assertions and information about the identity-based transaction to analyze transaction risk. A risk score for the identity-based transaction can be calculated, and then the identity-based transaction may be offered on a risk exchange.
    Type: Application
    Filed: February 15, 2019
    Publication date: August 20, 2020
    Inventors: Michael Bankston, Erik Friend, Jerry Wald
  • Publication number: 20170161734
    Abstract: Embodiments of the present invention are directed to methods and systems for the efficient management of a digital currency system using a cryptocurrency scheme. Embodiments utilize a payment processor computer to manage entities in the digital currency system, which have the rights to generate, distribute, transact with, and redeem units of a digital currency. In some embodiments, the digital currency may represent points in a loyalty program operated by an entity or organization. Transactions performed using the digital currency and rules governing the digital currency can be tracked and maintained in a master ledger maintained by the payment processor computer, and distributed as sub-ledgers to other entities within the digital currency system.
    Type: Application
    Filed: December 7, 2015
    Publication date: June 8, 2017
    Inventors: Michael Bankston, David White, Ryan Hagey, Arturo Martinez