Page 37 - Pay Magazine s2014

Navy Cash/Marine Cash
Dept. of the Treasury, Bureau of the Fiscal Service; Dept. of the Navy, Naval Supply Systems Command; U.S. Marine Corps; MasterCard; JPMorgan Chase partners: Engility Corporation, 3M Cogent, LMI
innoVaTion
Programs with an innovative approach to solving payments problems.
volume 8 • spring 2015
what it is: The world’s most technologically advanced card program performs in a unique environment providing 24/7 needed financial services to military personnel in home ports, foreign ports or operating in remote locations at sea.
where you get it: Each Sailor and Marine serving on a U.S. military ship receives a card through bulk enrollment or instant issue.
why it works: Functionality supports split-pay deposits, transfer to onshore bank accounts, onboard cash replacement, worldwide POS redemption and cash access, and is transfer- rable ship to ship upon reassignment.
why it matters: Program supports specialized electronic payments in an extreme, highly secure environment. Card achieves key goals to eliminate manual workload associated with handling cash and give cardholders budgeting tools by splitting pay to leave amounts in onshore interest-bearing accounts or with families while on deployment.
differentiators: Dual purses: chip-based, closed-loop purse for onboard purchases and magnetic stripe, open-loop purse for off-ship purchases and cash withdrawals at worldwide acceptance locations. The closed- loop purse operates in ship stores in forward mode that doesn’t require full-time communi- cations support.
what the judges said: Navy Cash/Marine Cash demonstrates how technology can enable financial services to reach even the most remote users, while removing security risks and handling costs associated with cash.
UltraPoS Stored Value App
Stanton Consultancy Limited
Ingenico Mobile Solutions
Winners
paybefore.com 35