Business Services Industry
Navy sails the seas on plastic.
Knight Ridder/Tribune Business News, July, 2004
By Amy Doolittle, The Washington Times Knight Ridder/Tribune Business News
Jul. 31--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.
"With the Navy Cash, we were trying to make it cashless, alleviate the workload and give [sailors] access to their home banks and credit unions," said Barbara Straw, director of disbursing at the Naval Supply Systems Command.
What is unique about Navy Cash is its ability to integrate with any onshore...
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- LIFO vs. FIFO: a return to the basics
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- Design a commission plan that drives sales - Sales Commissions
Presented by American Express