Ameriabank has developed a new online payment system for Menu.am clients to make online purchases, ARKA reports.

According to an Ameriabank press release, to shop online, customers enter their payment card details only once with no need to repeat the procedure every time they are making purchases.

By offering this solution, Ameriabank provides a high level of customer data protection. Particularly, customer’s payment card data are stored only in the centralized processing center, and the security is provided by the Technology Master Card Secure Cide and VISA Verified by Visa (VbV).

"This opportunity will significantly contribute to the development of all those businesses, which see their future in the online space and are ready to enter the international markets," the press release says.

Ameriabank is a universal bank providing investment, corporate and retail banking services in a comprehensive package of banking solutions. It is the first investment bank in Armenia, which has been providing a wide range of innovative banking services since 2008.