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USERNAME:sentry ?
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Introducing a Proactive Credit Card Fraud Prevention System |
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| LOCATION: | Addison, TX | PURPOSE: | Raise Capital for a Business |
| MEMBER SINCE: LAST LOGIN: |
5/05/08 11/19/09 |
INTERESTS: | Banks, Lending & Financing Investing & Venture Capital |
Personal Profile |
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| About Me: |
Mark Seegar is the inventor of the “Sentry Card” Concept (U.S. Patent No. 6,955,294 ). |
Business Description |
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| About My Business: |
The Company Sentry Cards International is a Texas L.L.C. formed in November of 2006. Sentry Cards International is a financial services company dedicated to improving the quality of credit card fraud detection and mitigating the losses resulting there from through the synergy of technology and cooperation among various entities in the credit card industry. The Product The Sentry Card™ is a unique, patent protected method of credit card fraud detection. As used in the Patent, the term Trigger Card and “Sentry Card” are synonymous.
The trigger card is adapted to be indistinguishable from typical credit cards and other cards issued by financial institutions. The credit card transaction system is adapted to receive signals when a standard card reader reads the trigger card. The system is further adapted to initiate an automated procedure to reduce fraud upon receipt of the signal indicating that the trigger card has been read by the card reader. In short, when a thief uses a trigger card, he unknowingly sets into motion a series of events that assures rapid cancellation, notification and re-issuing procedures of specifically identified credit cards belonging to that particular cardholder.
And that is what makes the Sentry Card System so powerful. This product not only protects your credit, it also serves as a deterrent to would-be criminals. For the first time, identity thieves are detected and stopped dead in their tracks before a loss occurs.
The Sentry Card System provides a Sentry Card – or trigger- that looks and feels like any other credit or debit card. The Sentry Card is carried by the cardholder together with other financial cards. Although the Sentry Card looks and feels like a regular card, any use of the card immediately signals the theft, fraud, or unauthorized use of the card and sets a variety of systems into action:
The fourth system triggered by the use of the Sentry Card is one that immediately orders and delivers new cards to the cardholder at a pre-designated address by expedited delivery.
HOW THE SENTRY CARD SYSTEM WORKS Immediate and Reliable Notification The Sentry Card System provides both short and long-term benefits, which include: • Early fraud detection and prevention • Reduced losses to card issuers • Reduced losses to merchants • Reduced losses to cardholders • Automatic deactivation of stolen cards • Automatic activation of replacement cards • Deterrent to credit card theft and fraud • Communication to cardholders, card issue and others
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