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VTB Bank (Armenia) launches modern and safe online shopping service

22.02.2017 18:29

VTB Bank (Armenia) launches modern and safe online shopping service

YEREVAN, February 22. /ARKA/. VTB Bank (Armenia) said today it has launched a modern and safe online shopping service designed for holders of its Visa cards.

"Beginning from February 22, 2017, online purchases made by holders of VTB Bank (Armenia) Visa cards will be secured with high degree protection thanks to 3D Secure technology, which allows to authorize card holder at the time of payment,’ the Russian-owned bank said in a press release, adding that cardholders will have to enter one-time password they will receive from the bank via SMS at the time of purchase.

According to the press release, the use of 3D Secure technology provides cardholders with a number of advantages such as security (online purchases are confirmed by one-time passwords, which are available only to cardholders (sent via SMS to the mobile number of card holders) and are valid only for a single purchase, and also simplicity and convenience (to make a payment the customer enters a six-digit number on the online payment screen received on their mobile phone).

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