"Smart-Tech" LTD was founded in 2003 for the purpose of new technologies elaboration and development in the banking business in RA. Today the company's mission is to realize modelling and automation of processes in banks and governmental sectors, to obtain customers' ultimate satisfaction via excellent service and software solutions. According to the results in 2008, "Smart-tech" LTD ranked first among IT companies in Armenia and is a leader in the market. List of Notable projects completed: 1. Biometric passports and ID card project for RA 2. Automated auction system for JAES 3. ARCA online payment system 4. Development of the TANDEM instant payment system 5. Watchdog: Video-monitoring system for payment devices 6. ARCA Direct 7. E-Banking system