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
