Navy Sails the Seas On Plastic

Summary


The U.S. Navy has gone plastic, introducing a cashless debit- card system called Navy Cash.

The card's PIN-protected "electronic-purse" chip on the front holds up to $1,000 and can be used by sailors aboard ship. The debit function, operated by MasterCard through a magnetic strip on the back, can hold an unlimited amount and can be used on shore.

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Extract


Navy Sails the Seas On Plastic

"With the Navy Cash, we were trying to make it cashless, alleviate the workload and give [sailors] access to their home bank...

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