Wednesday, October 13, 2010
"FMS is excited to assist the Navy with this innovative electronic cash management service that virtually eliminates the need for currency and coins aboard ship," said David A. Lebryk, FMS commissioner. "With Navy Cash, the Navy has an efficient cash management process, and sailors have more secure and convenient access to their funds."
Completing the Navy Cash installation enabled the Navy to phase out its legacy system, ATMs-at-Sea, FTS said.
Navy Cash is a partnership between FMS, Naval Supply Systems Command and J.P. Morgan Chase, the treasury arm of J.P. Morgan Chase & Co., serving as FMS's financial agent.
The Green Sheet Inc. is now a proud affiliate of Bankcard Life, a premier community that provides industry-leading training and resources for payment professionals. Click here for more information.
Notice to readers: These are archived articles. Contact names or information may be out of date. We regret any inconvenience.