OREANDA-NEWS. May 26, 2010. A few months ago ARARATBANK presented an unprecedented product into the Armenian market: DUAL card supported by MIFARE technology that enabled our countrymen to use the features of both a contemporary bank card and a Yerevan underground fare payment card, reported the press-centre of ARARATBANK.

An exclusive product of ARARATBANK, Classic-M underground card was able to surpass ARARATBANK's marketing expectations in terms of demand in quite a short period of time.

Proceeding from the "Public Focused" philosophy in modeling customer-bank relations and continuing introduction of new banking and IT technologies to the market ARARATBANK starts launching a new exclusive project: "Petrol Plus" system.

For system introduction ARARATBANK's specialists have studied current developments on the international market, the experience and technological solutions applied by about 800 organizations in 13 countries.

Today more than 8,000,000 cards in the world are served by that system. Among largest companies using that product are Gazprom, Shell, TNK, Rosneft, etc.

By the introduction of "Petrol-Plus" system ARARATBANK will offer a second dual card to make payments for fuel. Through launching "Petrol-Plus" hardware-and software program ARARATBANK will establish a wide network of servicing those cards on the fuel market.

The system to be introduced will be applied for the first time in Armenia, and being an exclusive product of ARARATBANK will enable corporate clients and individuals to replace their fuel coupons by plastic bank cards thus using more contemporary methods for optimizing the respective corporate expenses and reports, as well as tracking.

The system is unique in the sense that cards will be recharged and provided to customers for prepaid amount of fuel in liters. Also, the program is implemented through international cards enabling customers to make all transactions available to bank cards by the same card.

Through the introduction of this system ARARATBANK will stimulate the new development of the previously issued AUTOCARD on new technological basis.