NORFOLK, Va. (NNS) -- By December 2006, Sailors aboard USS Nassau (LHA 4) will experience a change to their shipboard currency.
According to a 2004 Navy Supply System Command press release, the Navy cash system has proven to be a convenient initiative. Using a commercial PIN-protected debit card, Navy/Marine cash provides 24/7 access to pay and allowances on and off the ship. Afloat personnel are able to receive electronic pay, access home bank and credit union accounts, transfer and withdraw funds, and make purchases, both on ship and ashore.
Onboard ship, cashless ATMs are used to verify card funds, transfer funds to and from the Navy/Marine cash card chip and magnetic strip, and to authenticate PINs. Purchases are made using point of sale devices and vending machine card readers that access the card's chip.
Once ashore, funds can be accessed by the magnetic strip to withdraw funds from more than 900,000 automatic teller machines (ATMs) worldwide and make purchases at more than 32 million merchants.
Not only is the new system convenient to the average Nassau Sailor, but the conversion to the Navy cash system also benefits supply department directly.
"Rather than physically carrying coins and bills to and from the bank on a weekly basis, the computer system does it all for us," said Personnel Serviceman 3rd Class Michael B. Hofmeister.
According to Dan Williams, field engineer in charge of installing the Navy cash system aboard Nassau, the system is not only convenient but secure at sea, as well. The Navy cash system runs on a server independent of other communication networks aboard Nassau, such as the local area network (LAN), said Williams. Sailors should feel confident that the new system and their money are secure, he said.
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