Orion Receives Approval to Launch A-Net Debit and Credit Cards.RICHMOND, British Columbia This page is for the city of Richmond, British Columbia. For the federal electoral district in this locality see Richmond (electoral district); for the provincial electoral district see Richmond (provincial electoral district). , Canada--(BUSINESS WIRE)--Jan. 23, 1998--Orion Technologies Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : ORTG) announced today that the press release of January 20, 1998 did not correctly reflect the scope of the launch of its A-Net Card Program. As such, the company is re-releasing its news release describing its achievement of a major benchmark in its private label A-Net Card Program. Keith Cowan, president of Orion announced that the company has taken another big step forward in its plan to launch a new worldwide card, called the A-Net Card. This card will be the official ATM/Debit Card for The Association of Development Financing Institutions in Asia and the Pacific (ADFIAP ADFIAP Association of Development Financing Institutions in Asia and the Pacific (banking institutions) ) which has 79 bank members in 33 Asian Pacific countries. Orion has been appointed by ADFIAP to develop, operate and process the A-Net Card program. Orlando Pena, secretary general of ADFIAP said, "This is a welcome development which is a step forward to eventually having a global card facility for the use of ADFIAP member banks and their clients in 33 countries of the region." "Today's announcement follows approval by the secretariat of the American National Standards Institute See ANSI. (body, standard) American National Standards Institute - (ANSI) The private, non-profit organisation (501(c)3) responsible for approving US standards in many areas, including computers and communications. ANSI is a member of ISO. to confirm Orion Technologies Inc. as a blockholder of 94 IIN's (Issuer Identifier Numbers) for its A-Net cards," Cowan said. "Negotiations are under way with the card giants VISA International and MasterCard International to see if we can work together towards bringing these much needed services to our community of bank members in ADFIAP." "Our next step will include the launching of a co-branded credit card with both VISA and MasterCard. Which one of these cards will be selected for first launch is strictly up to our bank customers," Cowan added. "We are ready and able to process both card types in our advanced Data Processing data processing or information processing, operations (e.g., handling, merging, sorting, and computing) performed upon data in accordance with strictly defined procedures, such as recording and summarizing the financial transactions of a System. In fact, we are working well with both of the card giants in the region." Orion Technologies Inc. develops and manages secure, global electronic networks. Through these networks, Orion provides a range of secure, integrated services In computer networking, IntServ or integrated services is an architecture that specifies the elements to guarantee quality of service (QoS) on networks. IntServ can for example be used to allow video and sound to reach the receiver without interruption. including electronic commerce, transaction processing and card services, EDI (Electronic Data Interchange) The electronic communication of business transactions, such as orders, confirmations and invoices, between organizations. Third parties provide EDI services that enable organizations with different equipment to connect. , electronic trading and electronic mail communications. CONTACT: Martin E. Janis & Company, Chicago Hal Schweig, 312/943-1100 |
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