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ACBA-CREDIT AGRICOLE BANK unveils new special service designed to boost e-commerce in Armenia

YEREVAN, April 8. / ARKA /. ACBA-CREDIT AGRICOLE BANK has unveiled today a new special service it has designed to boost e-commerce in Armenia. According to a Bank’s  press release,  all the companies that would like to take advantage of this special service will have the e-commerce module integrated with their websites free of charge until May 5.

In order to use the service, they can visit an ACBA-CREDIT AGRICOLE BANK branch or fill out an online application form available on the bank’s official website.

The Bank said it has been a year already since it began providing online shops with an opportunity to accept  payments by using 3D Secure technology, which allows Armenian business people to offer their services not only to local but also foreign customers. As a result, companies are able to enhance their sales, improve the quality of services and introduce new ones.

The 3D Secure technology is designed to make online shopping transactions safer by authenticating a cardholder’s identity at the time of purchase, through the likes of Verified by Visa and MasterCard SecureCode.

ACBA was established in 1996 as part of EU’s TACIS program. As a result of a long-term and mutually beneficial cooperation between ACBA Bank and the French Credit Agricole the latter became the biggest shareholder of ACBA in 2006, September. ACBA was restructured, becoming a closed joint stock company and was renamed ACBA CREDIT AGRICOLE BANK.

According to the latest data, the bank’s assets in 2014 amounted to 286.4 billion drams; its liabilities were 237 billion drams and capital was 49.37 billion drams.  ($1 – 474.99 drams). -0-

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