YEREVAN, January 30. / ARKA /. Armenian banks, members of ArCA payment system, will suspend issuance of plastic cards from January 29 to February 14 in connection with upgrading the software of its processing company, the Union of Banks of Armenia said today in a press release.

The press release said also that the system may be halted on February 8 - 9, however, the effective cards will be served before and after that.

Earlier ArCa said it started the final, migration stage of transition to a completely new software, following extensive 12-month work. The current software of ArCa’s processing center was placed about 13 years ago and no longer meets modern requirements for effective development of the banking and card business.

Categories: Banks @en, General news, News | Comments Off on Armenian banks to suspend issuance of new cards from January 29 to February 14

Tags: ArCa, Banks, PLASTIC CARDS

Read more

Armenia’s national payment system Armenian Card (ArCa) said today it has eliminated the failure in the operation of ATMs, which was reported Tuesday morning

Categories: Banks @en, General news, News, News of the hour | Comments Off on Armenian Card: Failure in atms’ operation eliminated

Tags: ArCa, PLASTIC CARDS

Read more

The number of international plastic cards issued by Areximbank-Gazprombank Group in the first nine months of 2010 has increased by 20% to 68, 828.

Categories: Banks @en, General news, News, News of the hour | Comments Off on Number of international plastic cards issued by Areximbank-Gazprombank Group increases by 20%

Tags: AREXIMBANK, Armenia, PLASTIC CARDS

Read more

Armenian development bank lowers prices for serving Mastercard plastic cards for new cardholders

Categories: Banks @en, News | Comments Off on Armenian development bank lowers prices for serving Mastercard plastic cards for new cardholders

Tags: ADB, Armenia, PLASTIC CARDS

Read more