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Armenian Conversbank Joins International Mastercard Payment System

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  • Armenian Conversbank Joins International Mastercard Payment System

    ARMENIAN CONVERSBANK JOINS INTERNATIONAL MASTERCARD PAYMENT SYSTEM

    ARKA
    Sep 30, 2009

    YEREVAN, September 30, /ARKA/. Armenian Conversbank said it has joined
    the international MasterCard payment system.

    A press release by the bank said in 2-3 months it will start issuing
    plastic cards Cirrus/Maestro, MasterCard Standard- MasterCard
    Gold. These cards will be accepted by VATs, POS-terminals, located
    at bank's branches and at trade outlets.

    "Holders of these cards will be able to carry out cashless purchases,
    to pay utility fees, buy and sale via Internet as well as register
    virtual cards at www.arca.am and reserve hotel rooms.

    Conversbank was registered in 1993. Ninety-five percent of its shares
    are owned by an Argentinean Armenian businessman Eduardo Eurnekian
    and 5% by the Armenian Apostolic Church. The bank's payroll has 550
    people. It has 25 branches in 13 Armenian towns. Currently the bank
    issues VISA (Electron, Classic, Business, Gold, GIFT, MINI) plastic
    cards and ArCa Classic payment cards.
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