Sat, 26 July
32.1 C
Yerevan
USD: 383.94 RUB: 4.85 EUR: 450.25 GEL: 141.78 GBP: 516.63

VTB Bank (Armenia) launches modern and safe online shopping service

YEREVAN, February 22. /ARKA/. VTB Bank (Armenia) said today it has launched a modern and safe online shopping service designed for holders of its Visa cards.

“Beginning from February 22, 2017, online purchases made by holders of VTB Bank (Armenia) Visa cards will be secured with high degree protection thanks to 3D Secure technology, which allows to authorize card holder at the time of payment,’ the Russian-owned bank said in a press release, adding that cardholders will have to enter one-time password they will receive from the bank via SMS at the time of purchase.

According to the press release, the use of 3D Secure technology provides cardholders with a number of advantages such as security (online purchases are confirmed by one-time passwords, which are available only to cardholders (sent via SMS to the mobile number of card holders) and are valid only for a single purchase, and also simplicity and convenience (to make a payment the customer enters a six-digit number on the online payment screen received on their mobile phone).

The bank explained that the 3D Secure technology is effective only for online stores that support this particular service, otherwise the payment will be executed without entering one-time password.

“Nevertheless, even in this case the holders of VTB Bank (Armenia) cards will be provided with an additional safety measure, reducing the likelihood of fraud to zero”, the press release said.

VTB Bank (Armenia) was entirely acquired by Russian VTB Group in 2004. It runs 67 branches across Armenia. -0-

spot_img

POPULAR

A scheme for stealing funds through fake investment platforms  exposed in Yerevan

A criminal group operating in one of the capital's business centers and stealing citizens' money through Internet calls has been exposed in Armenia, the Investigative Committee of Armenia reports.

Fitch forecasts Armenia to tighten fiscal policy after 2027

Fitch Ratings analysts forecast a tightening of fiscal policy by the republic's authorities in a new report on Armenia.

Ranking of most profitable banks in Armenia based on results of first quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the first quarter of 2025.

Fitch expects inflation in Armenia to remain within the target level until 2027

International rating agency Fitch expects inflation in Armenia to remain within the target level until 2027, although soft fiscal policy and the projected moderate weakening of the dram create certain risks.

Top 10 banks of Armenia by loan portfolio for 1st H 2020

ARKA News Agency has singled out ten banks for their big loan portfolios as of June 30, 2020

LATEST NEWS

spot_imgspot_imgspot_img