OREANDA-NEWS. February 09, 2010. Ashot Osipyan, CEO of ARARATBANK, announced the launch of new DUAL card supported by Mifare technology, and card program at the presentation organized in hotel Mariott Armenia, reported the press-centre of ARARATBANK.

Presenting the new card program, Grigor Tsolakyan, head of plastic card operations of ARARATBANK, mentioned that CLASSIC-M card is a dual card possessing all the facilities of ARCA payment system and Mifare card with contactfree technology enabling to pay Yerevan underground fares.

Holders of CLASSIC-M bank card can be involved in salary programs of ARARATBANK, benefit from lines of credit, get student living allowances, get payments of any amount onto their card account, make quick and secure payments for services and purchases in stores, in numerous service outlets of ARCA payment system, get cash available on their card account, benefit from the discount and bonus programs offered by ARARATBANK.

Speaking of CLASSIC-M as a fare payment method G. Tsolakyan noted that the card is supported by the contemporary Mifare contactfree technology. After charging their cards with a certain amount of funds the customers of ARARATBANK ojsc can pay their fares in any station of Yerevan underground. To do that they only need to take their card closer to the machine. CLASSIC-M cards can be instantly recharged in all stations of Yerevan underground, as well as in any branch of ARARATBANK.

CLASSIC-M card will be issued with an already activated facility of paying fares within Yerevan underground, and 6 free rides.