1.1 Background

The Banking Solutions Vendor Council, an organization of leading vendors of information technology to the financial services industry, was formally announced at the American Bankers Association National Operations and Automation Conference (NOAC) in Denver on May 18, 1992. Revision 1.0 of this specification was released at NOAC in New Orleans on May 24, 1993.

The current charter members of the Banking Solutions Vendor Council are:

  • Digital Equipment Corporation
  • Ing. C. Olivetti & C. S.p.A.
  • ICL Plc
  • Siemens Nixdorf Informationssysteme AG
  • Microsoft Corporation
  • Retail Management Solutions
  • NCR Corporation
  • Unisys Corporation
  • Nexus Software Incorporated

The Banking Solutions Vendor Council has held many multi-vendor development meetings, in addition to numerous additional hours invested in defining this specification for the WOSA Extensions for Financial Services.