Belco Systems Technologies Announces Investment In Automated Financial Systems.LANGHORNE, Pa.--(BUSINESS WIRE)--June 28, 1996--Belco Systems Technologies, Inc. (BLCO BLCO Bonnie Light Crude Oil BLCO Brass Locomotive Company ) announced today that it had made a $250,000 equity investment in Automated Financial Systems, Inc., a full service Automated Teller Machine automated teller machine (ATM), device used by bank customers to process account transactions. Typically, a user inserts into the ATM a special plastic card that is encoded with information on a magnetic strip. (ATM) company deploying private label ATM equipment through the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and Canada. In connection with the equity investment, Belco Systems Technologies entered into an independent distributor agreement with AFS A distributed file system for large, widely dispersed Unix and Windows networks from Transarc Corporation, now part of IBM. It is noted for its ease of administration and expandability and stems from Carnegie-Mellon's Andrew File System. AFS - Andrew File System to provide ATM's phone card equipment, cash supply and smart card readers, and point of sale terminals in Philadelphia County and Bucks County, Pa. CONTACT: Belco Systems Technologies, Inc. Lionel Beloyan, 215/757-7311 |
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