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
Disclaimer: This article was contributed and translated into English by Emil Lazarian. While we strive for quality, the views and accuracy of the content remain the responsibility of the contributor. Please verify all facts independently before reposting or citing.
Direct link to this article: https://www.armenianclub.com/2007/02/18/cascade-bank-issuing-plastic-smart-cards-arca-with-a-microproc/
