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.
…
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,…
CIU98288F SIM Cards Available for Mobile Operators We are pleased to announce immediate availability of HED CIU98288F SIM cards through our direct partnership with Huada. As an authorized distributor, we offer large-volume supplies to mobile operators globally. Technical Specifications Core Architecture – 32-bit ARM processor – Big endian mode with Thumb/Thumb2 support – 7 interrupt levels – 30MHz system clock…
Illuminate Your Transactions: Introducing Glow Cards In the ever-evolving world of banking technology, our company stands at the forefront of innovation. As a global leader in bank card manufacturing, we’re excited to introduce our latest offering: Glow Cards. What Are Glow Cards? Glow Cards represent the cutting edge of banking card technology. These unique cards illuminate during transactions, adding a…
In celebration of the 100th anniversary of the legendary French artist, humanist, diplomat, actor, writer, and composer Charles Aznavour, the HENDERSON Fashion House proudly announces its partnership with the Charles Aznavour Foundation. As a partner of the foundation, HENDERSON expresses its support for preserving the legacy and creativity of this outstanding artist. Beyond his unique talents in music and acting,…
We are the official representative of the Taiwanese company Beautiful Card Corp (Taiwan). Its annual production is among the ten largest in the world and the second largest in Asia. With Taiwan’s most advanced card production equipment and outstanding talents, we actively participate in the technological development of various cards, producing products of consistently high quality, and strive for continuous…
On April 3, 2024, the Doing Digital 2024 forum “Ahead of Opportunities” took place, with ArCa as its national partner. The main speaker of the forum was Brett King, a famous futurist, the author of a new concept of banking and a number of bestselling books (Bank 2.0, Bank 3.0, Breaking Banks, Bank 4.0, The Rise of Technosocialism). Hovhannes Khachatryan,…
On the night of March 30, Armenian banks that are members of the national payment system “Armenian Card” (ArCa) stopped servicing Russian “Mir” cards. TASS was informed about this by the system’s call center. “Today, banks working with our system have stopped servicing Mir cards. If necessary, you can contact specific banks that have stopped accepting your card,” said the…
