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May 18, 2015 7:11 AM ET

Archived: CP Security, Inc – Safer transaction technology to prevent credit card theft

iCrowdNewswire - May 18, 2015

CP Security, Inc.

Safer transaction technology to prevent credit card theft


CP Security is correcting the problems in today’s transactional security standards. We are building a simpler, less expensive form of transaction technology with ReceiptPASS, a new and improved way for consumers and merchants to interact financially.

Our currently marketed product, Card Doctor, offers direct protection for credit cards, debit cards, and other magnetic strip cards. We are adapting our desire for financial protection to the much needed area of transactional security.

CP Security is giving you financial protection so that your life can run smoothly and simply, and you don’t have to constantly worry about your financial integrity. With a little more protection out there, everyone’s financial dreams are kept a little safer.


Using a credit or debit card should be simple–it’s an easy way to make a quick transaction so that you can move on to whatever you have to do next.

In keeping track of your finances, you shouldn’t have to worry about poor security or possible credit card theft. Handling your own bookkeeping should be the only concern you have.

Unfortunately, current card transaction technology is a 40+ year old system, an antiquated technology that controls much of the way we spend money today. It is not fit to match today’s security needs, failing a countless number of times, leaving consumers like you to deal with card theft.

CP Security has decided that enough is enough. We know that keeping track of finances can be a big job, and the last thing you need is to be bogged down by financial issues that aren’t your fault.

That’s why we are reinventing transaction technology with ReceiptPASS, a simpler, cheaper, more effective way of handling card transactions. Our technology matches the security needs of today, and we have made it our goal to protect your financial information.

Using a credit or debit card should be simple, easy, and stress free. We build our technology with that assurance, every step of the way.


CP Security has already started down the path of financial protection with Card Doctor. Our patented card sleeve helps protect your credit card, debit card, license, or any other magnetic strip card from day-to-day wear and tear.

Card companies are making cards with less and less integrity, using cheaper materials that don’t last as long. While it may be cheaper for the company in the short term, it costs them to make more when your credit card wears down. And it costs you!

With Card Doctor, every card can have a protective sleeve that helps keep it clean and scratch-free. Now you don’t have to worry about your card being worn down, and you still have complete use of the card.

The same desire for better technology that created Card Doctor has been working toward an answer to the lack of security in card reading machines.

ReceiptPASS was created to give you more confidence in the security behind every card transaction you make. You shouldn’t have to worry that the technology designed to make your life simpler may also lead to card theft.

Paperless receipts ensure that all your financial information isn’t floating around as a piece of paper that could be potentially lost or stolen, but is instead sent to a secure receipt tracker that you can control.

Bookkeeping should be simple and straightforward, and now it is.


ReceiptPASS doesn’t just help the consumer–it is also designed to help merchants. If you are attempting to run a business, credit card fees are absurdly high, making it unattractive to accept cards at all. But today, much of the U.S. is used to making purchases via card.

You don’t want to be bogged down by excessive fees, but you also don’t want to lose any potential customers.

We make it easier to keep track of your business finances with our electronic receipt tracking, and we make it more desirable to have card reading technology in the first place.


CP Security recently received a patent for Card Doctor in March 2015, though we have been in full production of Card Doctor since 2014.

ReceiptPASS is currently in phase I of its production as its functional payment system and initial marketing are being completed.

With further support, we will be able to move ReceiptPASS through full production, sales and implementation, and further advancement in 2 to 3 years.

If you are interested in learning more about CP Security and the movement and direction of our company, please request access to our business plan.


Walter Steelman – CEO
Walter has 24 years experience working in both market research and media marketing, with a strong background in team building and project management. When it comes to strategy, planning, and problem solving, he is most at home and prides himself on being a diagnostician. His past innovations in production have helped build several businesses into multi-million dollar ventures.

Kristopher Barnings – CMO
Raised in Texas with a “work smarter, not harder” ethic, Kris has spent the past 15 years developing some of his ideas into what we have come to know as ReceiptPASS, and Card Doctor, with others on the horizon. He is dedicated to creating new technologies that benefit people as a whole. His personal ethic of dedication, diligence, and loyalty make him a very actionable manager.

Matthew Carpenter – Executive Director of IT
Matthew has worked in the financial industry for 20 years. During that time he has worked with banks, credit card processors, check processors, and a wide assortment of ATM/POS hardware. Over the last 10 years, he has worked with banks and credit card processors on financial regulations and PCI credit card regulations.

John Brewer – Executive Director of Systems Development
John loves programming – it’s not just a job for him. He programs at home and on his own time. He enjoys learning the theories behind the latest buzzwords and figuring out how they can help (or hurt) real world applications. Over the last 20 years, John has designed and written successful systems for large companies like First Data, as well as for smaller businesses.

Dean McLain – Board Chairman
Dean is a seasoned senior executive with a hands-on management style that has continuously shown positive results throughout his career. Notably, as President and CEO he managed and developed a Case Construction Equipment Business, growing it from $30 million to $165 million in retail sales. He sold this business in 2008 and has since been a Consult and Investor in a variety of business ventures.

Contact Information:

Walter Steelman
Kristopher Barnings
Matthew Carpenter
John Brewer
Dean McLain

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