Armen is the founder and president of Digital Payments Inc., a consulting firm providing advisory services in the areas of prepaid, alternative electronic payment products and merchant acquiring services. Offerings include development of best practices, regulatory compliance and connectivity products for payment cards. Design of financial kiosks, Merchant card acceptance and capital funding solutions, formation of ISOs, cross border money transfer and bill payment services.

Head of payment cards for Tier Technologies, Inc. Accomplishments include:

• Developed the Infrastructure to issue prepaid cards, including partnerships with VISA, NYCE, Metavante, First Bank of Tennessee and Interlink
• Digitized state entitlement programs including child support, unemployment, and pension payments
• Developed a biometrics program with BAC for state subsidized day care programs
• Formed the structure for a debit card industrial loan bank.

Head of Global Product Management for prepaid in treasury management services, charged with expanding cash digitization products worldwide and developing new acquisition channels as needed. Accomplishments include obtaining new global product approval to expand prepaid debit cards overseas to issue € denominated debit cards in EU. Developed the legal structure in UK and obtained licensing rights to passport debit and commercial cards throughout all 28 EU countries.

Expanded card acceptance to new markets such as supermarkets, recurring payments, quick service restaurants and federal government agencies.