CAS was initially established as a subsidiary and sister company to Open Access. Open Access successfully developed and marketed the first voice card (interactive voice card) on the Australian market in 1986. This card was sold by Open Access and used to build a successful Interactive Voice Response (IVR) solutions business which was sold to Olivetti in 1997. One of the most successful systems developed and maintained by Open Access was Telstra's Pay-by-Phone, which enabled Telstra customers to pay their telephone bill via credit card over the phone. This was the first telephone payment system in Australia, and Open Access also developed many of the first on-line banking services. CAS initially utilised the technology developed by Open Access, but operated as a bureau service.
In more recent years, CAS has developed and built a Linux based IVR bureau and card payment solution including all elements of encryption and security, and has successfully passed detailed security audits by CMG Admiral and KPMG. CAS developed innovative fraud detection solutions and merchant and cardholder reporting solutions. This platform is used today by CAS and its clients and is the core revenue generating technology for the CAS group.
CAS built a payment-processing gateway with links to all the major banks, and uses open standards technology, running in a Linux environment. CAS has also built its own IVR platform with a bureau application including full reporting and billing. This is a low cost terminal for securing identity through biometric finger scan chips (Atmel hardware) and storing a derived identifier on a terminal smart card (CAS product) or Gateway server (CAS product). Biometrics are an economical personal security strategy, and by providing security in the presence of a card the Merchant Service Fee (MSF) to SMEs is reduced.
CAS has developed and built non EMV compliant models of a credit card only solution and market tested the concept with small merchants for a bank client in Brazil (Banco Bradesco). That project was to implement low cost terminals in bank branches for security and pin change applications. CAS performed some R&D into biometrics and built low cost USB terminals for reading magnetic stripe cards and reading and writing to smart cards, and successfully implemented a totally unique solution that is still in use today.
The CAS development team comprises a mix of talented engineers with significant research and development expertise and experience in successfully commercialising significant technology in Australian and overseas financial transaction markets .
As well as our own full time team of engineers, CAS utilises the services of some of Australia's leading design engineers, who have specialised in the design and development of EFTPOS and Credit Card payment terminal technology.
