Yerevan, February 16 /Mediamax/. The “Cascade Bank” started issuing plastic smart-cards ArCa of new generation with a built-in microprocessor (chip).

As Mediamax was told in the “Cascade Bank”, this new card offers a higher level of security to provide greater protection for the customer, larger memory to store more information on a single card and greater physical durability.

The Executive Director of the “Cascade Bank” Levon Levonyan noted that “all Cascade Bank ATMs and POS Terminals are already fitted to service the ArCa “Smart” Card”.

“The first cards have been issued today and I am happy to announce that there will be 20 per cent promotional discount on the annual service fee for ArCa “smart” and 50 per cent discount for other ArCa cards for customers applying before 1 May 2007”, he noted.

“This is a significant step forward for the market, which will encourage the use of cards”, stated Jonathan Stark, Executive Director of “Cascade Capital Holdings”.