Wednesday, August 11 2010 15:06
Armeconombank joins Visa International: first cards to be issued in Feb 2011
ArmInfo. Armeconombank became a principal member of Visa International system. Vardan Yeghiazaryan, Head of Armeconombank Department for Plastic Cards, told ArmInfo the issue of the first cards is scheduled for February 2011.
He said that Armeconombank will issue only chip cards of Visa International system. "We are going to issue Gold, Standard and Electron Visa International cards," he said. In addition, the bank issues also chip cards of MasterCard system. V. Yeghiazaryan said that on August 1 2010 the number of the bank's plastic cards totaled 97,100: 75203 ArCA, 21897 MasterCard. Almost 80% of the bank's cards are issued as part of salary projects. At present Armeconombank serves 57 ATMs and overv230 POS-terminals.
Armeconombank is in the lead in terms of plastic cards: over 20% of the local market.