IDBank doubles limit on contactless payments
23.04.2020,
18:31
The IDBank said today it has doubled the limit on contactless payments without the need for entering PIN code via IDBank’s Visa cards to AMD 20,000.
YEREVAN, April 23. /ARKA/. The IDBank said today it has doubled the limit on contactless payments without the need for entering PIN code via IDBank’s Visa cards to AMD 20,000.
Contactless payments are more than applicable nowadays, the Bank said in a press release. It said from now on, the limit for making a payment without entering the PIN code for newly issued cards is AMD 20,000. To pay via IDBank’s Visa payWave cards at different stores, one just needs to keep the card near the POS terminal.
With this step, IDBank allows its customers not to endanger their health and make payments without even transferring the card to the merchant.
The Bank said also that it is possible to make payments through those IDBank cards, which are attached to the Idram wallet, using QR and NFC technologies.
IDBank offers Idram Rocket Visa as well as Visa Gold, Visa Platinum, Visa Signature, Visa Infinite debit and credit cards, which one can order from the Idram app and from the Bank's website.
IDBank is controlled by the Central Bank of Armenia.
IDBank was established in 1990 as Anelik Bank. In May 2017, Anelik Bank made a rebranding and was renamed to IDBank. The bank has two shareholders - FISTOCO LTD ( 59.7%) and CreditBank S.A.L. ( 40.3%.) ($1 - 479.67 drams). -0-
Contactless payments are more than applicable nowadays, the Bank said in a press release. It said from now on, the limit for making a payment without entering the PIN code for newly issued cards is AMD 20,000. To pay via IDBank’s Visa payWave cards at different stores, one just needs to keep the card near the POS terminal.
With this step, IDBank allows its customers not to endanger their health and make payments without even transferring the card to the merchant.
The Bank said also that it is possible to make payments through those IDBank cards, which are attached to the Idram wallet, using QR and NFC technologies.
IDBank offers Idram Rocket Visa as well as Visa Gold, Visa Platinum, Visa Signature, Visa Infinite debit and credit cards, which one can order from the Idram app and from the Bank's website.
IDBank is controlled by the Central Bank of Armenia.
IDBank was established in 1990 as Anelik Bank. In May 2017, Anelik Bank made a rebranding and was renamed to IDBank. The bank has two shareholders - FISTOCO LTD ( 59.7%) and CreditBank S.A.L. ( 40.3%.) ($1 - 479.67 drams). -0-
