About Maynard Dokken
30 years of disrupting financial systems — and the record to prove it.
The 1994 Beginning
In 1994, Assured Card Corporation was founded with a singular mission: to give consumers a credit vehicle that would protect them from the predatory practices of financial institutions that were exploiting the "master receivable" — a new class of credit receivable that allowed banks to place new credit receivables without creating a new trust, feeding a cycle of compounding interest that trapped millions of Canadians.
The financial institutions were not pleased. They sent their best into the firm to investigate and attempt to shut it down — only to discover that AssuredCard's security architecture was more robust than their own. Not a single customer data breach in over seven years of operation.
By 1999, AssuredCard had served over 10,000 customers and launched the first online payment gateway — before most financial institutions understood what that meant.
The Technology Story
From a Unix OS development environment in 1988, through the first ASP SaaS platform, to a Universal Secure Encrypted Payment Gateway in 1999 — AssuredCard was building the infrastructure of modern fintech before the word existed.
The gateway used TLS as it was being introduced in 1999, combined with AuthConfig and SSSD for centralized identity management — the same architecture that became industry standard years later. The database layer used CORBA-based Java integration with Oracle, giving 300,000 concurrent connection capacity at a time when most financial institutions were running single-threaded systems.
One of the largest banks in the country reviewed the security backend to confirm AssuredCard could protect customer information. The review concluded that AssuredCard's infrastructure was more secure than theirs. Customer data was less accessible to unauthorized parties than at the reviewing institution itself.
The Fight Continues
The assault on AssuredCard and its successor ventures was systematic and relentless. Regulatory audiences. Quasi-judicial proceedings. Asset seizure attempts. Staff intimidation — promises of protection to anyone who moved to the opposing system. Full-blown fraud and conspiracy, now documented in a default judgement won in court.
They could not win in court. They attempted other means. Maynard Dokken survived every attempt — and kept building.
AssuredCard is back. The mission has not changed. The technology is better. The record speaks for itself.