BANKS ARE NOT TO BLAME FOR THE DOWNTIME OF ARMENIAN BANCOMATS AND POS-TERMINALS

arminfo
2007-08-15 21:53:00

It is not the fault of the banks that Armenian bancomats and
POS-terminals are idle. The press-service of the Central Bank of
Armenia (CBA) told ArmInfo that during the construction works
in Yerevan the displacement and disorder of telephone cables
create serious problems for the banks to exploit bancomats and
POS-terminals. Particularly, Armenian citizens and tourists have
problems in converting into cash through bancomats and carrying out
non-cash payments through POS- terminals at stores and hotels.

In addition, the communication of the banks with the CBA, other
banks and branches is being disturbed, and this makes timely payments
impossible.

According to the source, the CBA applied to the relevant bodies to
solve this problem as soon as possible. The CBA says that this problem
has a technical character and it is not the commercial banks’ fault.

According to the Armenian Card CJSC, as of April 1, 2007, there were
208 bancomats in Armenia and 1754 POS-terminals, 233 of them being
cash and 1521 being sale.

The CBA reports that by July 2007, the number of plastic cards in
Armenia totalled 250766, most of them being Visa international cards.