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Article: The CU Journal Daily.(credit union)
- Article from:
- Credit Union Journal
- Article date:
- February 14, 2005
CopyrightCOPYRIGHT 2005 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NFCU Pilots On-Board SmartCard
NORFOLK, Va.-Navy FCU has joined a ship-board pilot test of the U.S. Navy's stored value Cash Card at Naval Air Station Norfolk.
The test, which is being conducted by the U.S. Treasury Financial Management Services and the Department of the Navy, is being conducted aboard the USS Kearsage and involves 75 sailors who are Navy Fed members.
The card enables sailors to make on board purchases without cash while out at sea, as well as ashore away from home port.
The program is being managed by JP Morgan Chase but concerned Pentagon officials sought an outside participant, like Navy Fed, in order to expand the ...