Payment system “Armenian Card” received certificate of full compliance with PCI DSS standards

YEREVAN, April 26. /ARKA/. Payment system “Armenian Card” received a certificate of full compliance with the standards PCI DSS by the results of the audit conducted in December 2010 by audit company “Informzashchita”.

The standards PCI DSS are mandatory terms for secure storage and data processing of cardholders. This rules are designed by structure established by international payment systems (“PCI Security Standards Council”), whose main goal is to establish united criteria for the participants of card market, particularly for organizations implementing processing services, as well as control over the process of protection and enforcement of these criteria into compliance.

The structure of PCI Security Standards Council gives authority to audit only those audit companies that meet its demands and includes these companies into the approved list.

Thus companies providing processing services must make a choice among the companies that are included in the above-mentioned list.

Audit company “Informzashchita” was initially included in this list and from year to year, expanding its geographical range of activities and services, acquired a high prestige.

CEO of the company said that PCI DSS compliance is an important guarantee for the security of data cardholders, prevention of money waste and provision of quality services.

CJSC “Armenian Card” was established on March 16, 2000 as a unified national payment system by payment cards. Today, 19 of 21 commercial banks of Armenia are involved in the payment system ArCa by any status. Different products are based on the cards ArCa – types of ArCa Debit, ArCa Classic, ArCa Gold, ArCa Business, ArCa Affinity, ArCa Co-branded, ArCa Platinum and pension cards ArCa.

The company is a full member of international payment system MasterCard Europe. It also implements processing of the cards of the system VISA and American Express (Third Party Processor). -0-

spot_img

POPULAR

Central Bank: Starting July 1, consumers in Armenia will be able to block online financial transactions with a single tap

Starting July 1, 2026, consumers in Armenia will be able to block online financial transactions with a single tap, via mobile banking or a financial institution's website, the Central Bank of Armenia press service reported.

Armenia to Receive €120 Million Loan and €15 Million Grant from KfW Bank for Power Grid Connection with Georgia

At a meeting on Thursday, the Armenian government approved the signing of a €120 million loan agreement with the German bank KfW for the "Caucasus Transmission Network - NIF" project to connect the power systems of Armenia and Georgia. Additionally, a €15 million grant agreement with KfW was approved for the "EU Caucasus Transmission Network - NIF. Phase II" project.

Trend of declining public debt-to-GDP ratio in Armenia will continue – Ministry of Finance

Armenia intends to continue reducing its public debt-to-GDP ratio, stated Deputy Finance Minister Avag Avanesyan.

EBRD stands ready to support Armenia in implementing reforms and programs

YEREVAN, March 10. /ARKA/. The European Bank for Reconstruction...

Central Bank of Armenia: Sustainable and Sustainability-Linked Bond Market in Early Stages of Development

In its 2025 Sustainability Report, the Central Bank of Armenia notes that the sustainable and sustainability-linked bond market in the country is in its early stages of development.

LATEST NEWS

spot_imgspot_imgspot_img