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`Cascade Bank' issuing plastic smart-cards ArCa with a microproc.

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  • `Cascade Bank' issuing plastic smart-cards ArCa with a microproc.

    Mediamax Agency, Armenia
    Feb 16 2007

    `Cascade Bank' started issuing plastic smart-cards ArCa with a
    built-in microprocessor

    Yerevan, February 16 /Mediamax/. The `Cascade Bank' started issuing
    plastic smart-cards ArCa of new generation with a built-in
    microprocessor (chip).

    As Mediamax was told in the `Cascade Bank', this new card offers a
    higher level of security to provide greater protection for the
    customer, larger memory to store more information on a single card
    and greater physical durability.

    The Executive Director of the `Cascade Bank' Levon Levonyan noted
    that `all Cascade Bank ATMs and POS Terminals are already fitted to
    service the ArCa `Smart' Card'.

    `The first cards have been issued today and I am happy to announce
    that there will be 20 per cent promotional discount on the annual
    service fee for ArCa `smart' and 50 per cent discount for other ArCa
    cards for customers applying before 1 May 2007', he noted.

    `This is a significant step forward for the market, which will
    encourage the use of cards', stated Jonathan Stark, Executive
    Director of `Cascade Capital Holdings'.

    From: Emil Lazarian | Ararat NewsPress
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