ARMECONOMBANK IS GOING TO ISSUE ACCUMULATIVE CARDS

ArmInfo
08.02.2010

ArmInfo. Armeconombank is going to issue accumulative plastic cards in
2010. As Head of Armeconombank Department for Plastic Card Operations
Vardan Yeghiazaryan told ArmInfo, holders of the accumulative debit
cards will be deprived of the opportunity to withdraw money through
ATM and POS-terminals within the frames of the project.

V. Yeghiazaryan assured that the interest rates on these debit cards
will be higher than the market ones. "Implementation of this project
is possible based on the fact that our bank is one of the few in
Armenia owning ATM with a cash-in function", he said and added that
this enables a card holder to transfer money to his/her account any
time without visiting the bank. Meanwhile, Yeghiazaryan said, the
bank intends to shortly issue preliminary 10,000 ArCa plastic cards
with special design, within the frames of this project.

As of January 1, 2010, the number of active cards of Armeconombank
made up 79269 pieces, ATMs – 53, 4 of which have a cash-in function.