Joint cash card
By Captain Brian Bowman, 139th Airlift Wing
/ Published June 17, 2009
St. Joseph -- EagleCash is a cash management tool designed to support U.S. military personnel deployed in combat zones and on peace-keeping missions. The program, which improves convenience for soldiers and other authorized personnel, was developed and is managed jointly by the U.S. Army, U.S. Air Force and U.S. Department of the Treasury. The program uses smart-card technology and off-line batch processing to reduce the amount of U.S. currency in circulation overseas. The result reduces the workload of the base finance office and frees up military personnel for other essential duties. EagleCash cards are issued at selected pre-deployment sites in the U.S., and at finance offices in contingency areas of operation.
EagleCash cards are a type of payment card referred to as stored value cards (SVC). They can interface with automated kiosk devices located at convenient locations on the camp/base, which allow enrolled cardholders self-service access to money in their accounts at home. Funds on the card can be used to purchase goods and services at the Post Exchange or Base Exchange, postal facility, and most concessions on base.
EagleCash began in 1999 and can be found on approximately 50 U.S. military installations in ten countries around the world. To date (as of May 8th), over 330,000 cards have been issued. They have been used to process 15 million electronic transactions valued at over $1 billion.