Yerevan/Mediamax/. HSBC Bank Armenia introduced a new card insurance service to the market today. The service is aimed at protecting ATM and MasterCard international card users from certain risks.

Card Insurance covers losses that occur as a result of cards being lost, stolen or skimmed and subsequently being used for transactions not authorized by the customer. 

“The usage of ATM and credit cards is very widespread and provides great convenience to customers, but as usage has increased so has the incidence of fraud, particularly for customers traveling outside Armenia. For this reason we decided to introduce card insurance, so that customers can protect themselves from such risks”, - HSBC Bank Armenia Chief Executive Officer Astrid Clifford said.