In today’s world, where digital technologies are becoming an integral part of our lives, the security of financial transactions is of paramount importance. ASMO, as the official representative of the Taiwanese manufacturer BEAUTIFUL CARD CORP in the South Caucasus countries, presents a revolutionary solution in payment technologies – next-generation biometric banking cards.…
Introduction Modern economies rely heavily on developed payment infrastructure. When people have reliable and convenient payment tools with low commissions, they actively use banking services, and transaction volumes grow. This leads to reduced shadow economy activities and increased consumer demand as banks can better assess credit risks. Payment Industry Transformation From Cash to Digital Payments Cash share in global point-of-sale…
The Payment Card Industry Data Security Standard (PCI DSS) continues to evolve alongside technology. Version 4.0, released in March 2022, represents a significant step forward in the evolution of payment industry security standards, introducing new concepts and expanded requirements for payment card data protection.
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As part of his official visit to Armenia, the Armenia Stock Exchange and Central Depository welcomed the President of the Republic of Poland, Andrzej Duda. The main purpose of the visit was to learn about the operations and development strategy of the exchange and depository, as well as to explore the potential of Armenia’s financial market. The visit holds special…
AraratBank earned the distinguished Strong Partnership Award at the inaugural Visa Cashless Forum in Yerevan on November 22, acknowledging their long-standing productive collaboration with Visa on new project implementation. This exclusive international gathering united government representatives, leading Visa speakers, banking and finance professionals, and payment technology specialists. The event focused on essential topics including digital payment solutions, generative AI applications,…
