Monday, February 14 2011 18:36
In 2011 ArCa to strengthen work at ensuring security of internet transactions
ArmInfo. The Armenian Card (ArCa) national payment system will strengthen the work at ensuring the security of internet transactions by means of 3-D Secure technology. ArCa Executive Director Ishkhan Mkhitaryan told ArmInfo correspondent that the 3-D Secure simplifies the service of card transactions via the internet and raises their security at the same time.
According to him, it is also envisaged to introduce various intellectual systems to prevent fraud operations with the ArCa cards at the trade points served by the system.
According to the latest data of Armenian Card, as of 1 Jan 2011, the number of operating trade and service points and cash dispensers in the Armenian Card systems (bancomats exclusive) made up 2958 (34.2% annual growth). The number of trade points was 2622 (38.3% annual growth), cash dispensing points - 336 (9.1% annual growth). The number of POS-terminals made up 3470 (almost 36% annual growth), of which 3038 POS-terminals are in trade and service points (40.3% annual growth), and 432 POS-terminals are in cash dispensing points (11.1% growth). As of 1 Jan 2011, there were 672 bancomats in Armenia.
To recall, 66% of Armenian Card shares belong to the Central Bank, the rest of the shares belong to each of the 17 ArCa member banks (2% each).
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