UNIBANK PUTS INTO OPERATION FIRST TELLER MACHINE WITH CASH-IN FUNCTION IN ARMENIA
Author: Editor: Eghian Robert

Noyan Tapan
Apr 13 2007

YEREVAN, APRIL 13, NOYAN TAPAN. Unibank has become the first
bank in Armenia to put into operation a teller machine with
cash-in function. (It is installed at the branch at 2 Deghatan
Street (Yerevan), near the building of the Central Bank of
Armenia). Presenting the possibilities of the new teller machine,
director of the bank’s plastic cards department Mesrop Hakobian noted
that in addition to the "usual" cash-out functions, the teller machine
also accepts US dollars, euros and Russian rubles.

After the checking of authenticity of banknotes to be accepted,
information about their nominal value, quantity and total amount
appears on the cash teller’s display, after which the operation
required by the customer are carried out. M. Hakobian said that besides
transferring this money to the customer’s account, the teller machine
also exchanges the above mentioned foreign currencies for Armenian
drams at the exchange rate set by the bank – also without availability
of a plastic card.

According to M. Hakobian, in the near future the teller machine will
be connected to the E-card-banking system, which will allow to repay
credits and pay interest on them through the teller machine. In his
words, cash-in functions will gradually be introduced in all teller
machines of Unibank – their number currently makes 31 and will increase
to 60 by late 2007.

As of March 31, 2007, Unibank issued 17,532 plastic cards, including
14,944 Visa cards and 2,588 ArCa cards.