Armenian Conversbank joins international mastercard payment system

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01.10.2009, 03:23

Armenian Conversbank said it has joined the international MasterCard payment system.

YEREVAN, September 30, /ARKA/. Armenian Conversbank said it has joined the international MasterCard payment system.

A press release by the bank said in 2-3 months it will start issuing plastic cards Cirrus/Maestro, MasterCard Standard- MasterCard Gold. These cards will be accepted by VATs, POS-terminals, located at bank’s branches and at trade outlets.

“Holders of these cards will be able to carry out cashless purchases, to pay utility fees, buy and sale via Internet as well as register virtual cards at www.arca.am and reserve hotel rooms.

Conversbank was registered in 1993. Ninety-five percent of its shares are owned by an Argentinean Armenian businessman Eduardo Eurnekian and 5% by the Armenian Apostolic Church. The bank’s payroll has 550 people. It has 25 branches in 13 Armenian towns. Currently the bank issues VISA (Electron, Classic, Business, Gold, GIFT, MINI) plastic cards and ArCa Classic payment cards. M.M. -0-

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