Ashburn International: 240 Million Transactions for 12 Billion LTL

Published: 24 January 2011 y., Monday

Ashburn International, the company introducing payment and loyalty card solutions, continues to successfully expand its activities, and implements new projects. The company, which was founded in 1998 and belongs to Penki kontinentai group of companies, has been established in the market by developing the electronic trading system of prepayment for mobile connection.

“We were the first ones, who have offered the mobile connection users the possibility to replenish their accounts at supermarkets. Later, we launched projects on payment card authorization and loyalty programs. Last year we introduced the universal payment and loyalty program PayLo, and made investment of 3 million LTL in update of equipment of the retailers’ network in order to meet all SEPA (Single Euro Payments Area) requirements”, said Rolandas Budriūnas, the CEO of Ashburn International.

Since its establishment, the Company has authorized over 240 million payment and loyalty card transactions, totalling 12 billion LTL. The collection of the receipts confirming the performed operations would reach an 18 thousand-kilometre tape, which is one third of the circumference of the earth.

Ashburn International is one of the first companies in Lithuania that meets the PCI DSS (Payment Card Industry Data Security Standard) international security standards, which are applied to the companies processing payment card data, and means that the company’s organisational structure, its software, hardware, and architecture of the used networks ensures the maximum data security of payment card holders.

Ashburn International clients include  Omnitel, Bitė Lietuva, and Tele2 mobile operators; SEB, Snoras, Citadelė, DnB NORD banks; Iki, Šilas, Senukai, Žemaitijos prekyba, Topo centras supermarket networks; Statoil Lietuva, PKN Orlen gas stations; networks of Gintarinė vaistinė pharmacies, DELANO restaurants and many others. The company collaborates with global companies such as Cisco Systems, Bull, Microsoft, HP, Ingenico, etc.

Šaltinis: penki.lt
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.

Facebook Comments

New comment


Captcha

Associated articles

Ashburn International is Issued with a Limited Operation Licence of a Payment Institution

On the 27th of April 2011, the Board of the Bank of Lithuania has issued a limited operation license of a payment institution to Ashburn International Company, which enables to provide the money remittance services. more »

BankExpo 2018: A Breakthrough in the FinTech Development in Uzbekistan

Lithuanian ASHBURN International and BS/2 companies took part in the annual BankExpo 2018 banking services, technologies and equipment exhibition in Tashkent last week. more »

Investing in your own peace of mind: how video surveillance solutions help ensure banks security

Among other things, the article explains in detail how and why modern banks should protect their self-service devices (ATMs, payment kiosks and other terminals) using modern security solutions, for example, the ATMeye.iQ system. more »

Cash Management.iQ: estimating the price of CIT operations

n the last Cash Management.iQ version, BS/2 added a truly important feature: using the CIT.iQ module, the operator can manage the cash collection routes and calculate its cost individually. more »

Innovative Banking Technologies and Equipment at BankExpo 2018

The annual BankExpo 2018 banking services, technologies and equipment exhibition will be held on April 19-21 in Tashkent for the 11th time. more »

The present-day future. 3 myths about video banking

Nowadays, remote customer support provided by the bank staff during routine self-service operations is a good practice. more »

ASHBURN International Invested Over €1m in Its POS Terminal Network Upgrade

In 2017, ASHBURN International (part of The Penki Kontinentai group), which deals with the card payments and loyalty program managing solutions, has completed its Lithuanian POS terminal network modernization. more »

EcoVadis Silver Rating Granted to BS/2

The international EcoVadis company has granted its silver corporate social responsibility (CSR) rating to Penkių kontinentų bankinės technologijos company. more »

TransLink.iQ Introduced in the UK

On March 29, the Lithuanian Embassy in Great Britain hosted a presentation of Lithuanian companies, during which local business representatives were acquainted with the TransLink.iQ software solution for managing POS terminal networks and loyalty programs developed by ASHBURN International. more »

The BS/2 installed first ATMs in Latvia supporting contactless cards

In Riga, first Diebold Nixdorf ATMs for contactless cards were introduced. The project, carried out by the banking technology company BS/2 for BlueOrange Bank. more »