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Armeconombank Is Going To Issue Accumulative Cards

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  • Armeconombank Is Going To Issue Accumulative Cards

    ARMECONOMBANK IS GOING TO ISSUE ACCUMULATIVE CARDS

    ArmInfo
    08.02.2010

    ArmInfo. Armeconombank is going to issue accumulative plastic cards in
    2010. As Head of Armeconombank Department for Plastic Card Operations
    Vardan Yeghiazaryan told ArmInfo, holders of the accumulative debit
    cards will be deprived of the opportunity to withdraw money through
    ATM and POS-terminals within the frames of the project.

    V. Yeghiazaryan assured that the interest rates on these debit cards
    will be higher than the market ones. "Implementation of this project
    is possible based on the fact that our bank is one of the few in
    Armenia owning ATM with a cash-in function", he said and added that
    this enables a card holder to transfer money to his/her account any
    time without visiting the bank. Meanwhile, Yeghiazaryan said, the
    bank intends to shortly issue preliminary 10,000 ArCa plastic cards
    with special design, within the frames of this project.

    As of January 1, 2010, the number of active cards of Armeconombank
    made up 79269 pieces, ATMs - 53, 4 of which have a cash-in function.
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