F. D. Foster, LLC is introducing their new product category, the patented I.P.S.P. BlankCard Mobile Payment System®, an identity protected secure payment solution. The BlankCard® is the only mobile payment system that can claim;

• Your personal and account information is never revealed.
  

• Your personal or account information is never stored on retailer’s data base or in cyber space again.
  

• You have full control of third-party purchases while at a “remote location”.
  

The I.P.S.P. BlankCard Mobile Payment System®, designed by a consumer, for the world’s consumers, is the most recently issued patent. In 2005, driven by our fear of identity theft, and not being satisfied with the available remedies offered by the banks, F. D. Foster needed a way to make an eCommerce transaction wherein, the retailer is sure to get paid, but without obtaining any personal or account information. This inspired the creation of Identity Protected Secure Purchasing®, trade named, the BlankCard®.

Most other mobile payment technologies were designed by corporate employees and are based on studies and statistics on human behavior, trends, and technological advancements. After Reuter’s 2007 announcement of the world’s 3.3 billion mobile phone subscriptions, virtually every corporate executive and investor wanted in on this alarming trend. One of the most sought after applications is mobile payments.

It is estimated that by 2013, almost 300 billion mobile transactions will be made, generating more than $860 billion in transaction fees. These estimates have sparked the development of several payment technologies and solutions from card associations, banks, telecoms and tech companies. The focus of these solutions is making the cell phone the sole device needed for a customer to complete a transaction. This emerged the mobile payment, contactless payment industries, also know as ‘M-commerce’. These mobile payment systems offer the customer a considerable level of convenience, but are lacking in customer protection. These All–In-One mobile payment systems are designed to house all user components needed to make a transaction. Installing a digital credit/debit/gift card, user credentials, account information, and authorization, in a customer’s cell phone presents significant limitations and security risks.

• When user is unable to travel to the point of sale, instead of giving their credit/debit card and PIN, does the user now have to give their cell phone to the ‘third-party’?

• Housing these confirmations in one device will obviously make that device the target of thieves.
• If user’s cell phone is lost or stolen, especially if stolen by someone who knows the PIN, how does one report the loss or theft – a land line, the Internet, or someone else’s cell phone?

• Most people’s primary contact source is their cell phone. If their cell phone is lost or stolen, this may add difficulty in reporting the loss or theft.

In the development of the I.P.S.P. BlankCard Mobile Payment System®, identity protection and security were the main focuses, and in turn, were never compromised. Instead of adding the confirmations to the cell phone, we chose to leave them under the security of the bank. With all vital information locked away at the bank, the BlankCard® customer is free to shop around the world with a level of security that is unmatched by any other system.

With the BlankCard®, our customer information is never used at point–of-sale. Furthermore, if the retailer’s data base is hacked or compromised, information associated with BlankCard® Customers will not be threatened.

The I.P.S.P. BlankCard Mobile Payment System® is an effective loss prevention tool that protects the data bases of the financial institutions and payment processors. There is no communication with financial data bases at point-of-sale. The financial data bases are contacted only upon completion of unique process. Even the most sophisticated thieves will find it nearly impossible to provide the number of confirmations needed to contact the financial data bases or complete a transaction.

Without compromising speed and convenience, the I.P.S.P. BlankCard Mobile Payment System® is superior to all others. Its extreme level of security and identity protection combined with its controlled third-party transaction feature can not be compared. With identity theft and security as the biggest fear of consumers and financial institutions alike, the I.P.S.P. BlankCard Mobile Payment System® is the ultimate secure payment solution!

Inquiries, contact us at info@theblankcard.com or investors@theblankcard.com or leave reply.