HISTORY

CAS was created as a division of the R&D communications company "Open Access Pty Ltd (OA)" in 1987.

CAS was formed in 1987 to offer real-time financial transactions to the clients of Building Societies and Credit Unions. CAS became an operational bureau providing on-line, real-time technologies on the basis of a “cost-per-transactions” using the technology of our OA company.

Card Access Services became very successful and managed significant volumes of financial traffic for twenty-six financial institutions. Staff counts were kept low and automated transaction programs are used extensively to balance the dispensed services.

CAS offered IVR applications from its existing EFTPOS bureau and thereafter followed a lateral expansion of new services into the bill-payment area and other non-banking transactions associated with charities, community alert systems and Call-Centers.

Telephony services began to overtake the EFTPOS Agency Banking systems as the main revenue earner for outsourced bureau services during the early nineteen-nineties. CAS also transferred its principle offices from WA to Sydney and expanded the existing bureau services in Victoria.

CAS clients are now enjoying the benefits of modern mobile telephony and call-centre ACDs without having to purchase expensive hardware or acquiring the high costs of technical and operational staff.

From July 1st 1997 CAS and OA parted their businesses when Open Access became a wholly owned subsidiary of Olivetti Australia. Card Access Services remained a private company owned by the previous shareholders and directors of Open Access. Olivetti was subsequently purchased by both Wang and the European Company "Getronics".

CAS has outgrown its parent and is now a supplier of Internet E-commerce and Information services to complement the telephony based services. CAS has real-time links for Credit and Charge Card authorisations which enable payments from all of the cards in common use in Australia by both our Australian and visitor populations.

CAS also offers a most elegant and secure array of transaction services. All are based on the assumption that a transaction is going to occur from a remote location and that purchases will be initiated and completed from a buyer's home, office or mobile, their home computer or between several people in a real-time conference call. The transaction may occur at any time and be successfully concluded in terms of Banking and payments systems with automatic cash balancing by CAS for the "Merchant" service provider.