ArmInfo. VTB Bank Armenia launches modern and safe tool of internet purchases - now also for MasterGard Holders. According to the clarification of the press office of the Bank, starting with March 29 the internet purchases of VTB Bank Armenia MasterCard holders will be secured with a high level protection based on the Secure Code technology. This technology gives an option to authorize the card holder immediately at the moment of making online payment through insertion of a single-use password.
According to the source, to implement payments within the use of Secure Code technology gives the following advantages to the cardholders: the security of internet purchases is supported with single-use passwords available only for cardholders , received through SMS to the mobile number of cardholder, and being valid for only one purchase, as well as the simplicity of use - the Client has only to insert 6-digit number received by SMS.
According to ArmInfo's "Armenian Banks in Card Business" Analytical Review, Converse Bank is in TOP- 5 both by the total number of active cards and Visa cards. By October 1 2016 the bank increased Visa card number by 15.3% y-o-y to 44.3thsd. In total amount of active cards of the bank, Visa Cards share is 33%. The amount of plastic transactions by Visa Cards increased by 14.8% y-o-y and totaled almost 147.7bln drams, up from the 3rd to the 2nd position. As of October 1 2016 the bank had 101 ATMs and 572 own POS-terminals, the number of which has grown y-o-y by 8.6% and 27.4% respectively. Converse Bank releases and maintains a service for Visa and MasterCard along with local ArCa card.