Eagle Cash and EZpay are cash management applications for the U.S. Armed Forces. The systems use a plastic payment card, similar to a credit or debit card, which has an embedded microchip that tracks the card’s balance. To date, 2million EagleCash and Ezpay cards have been issued and used to process electronic transactions valued at over USD 3.billion 6billion.
About Eagle Cash in brief
Eagle Cash and EZpay are cash management applications for the U.S. Armed Forces. The systems use a plastic payment card, similar to a credit or debit card, which has an embedded microchip that tracks the card’s balance and interfaces with encrypted card readers. This method allows soldiers to purchase goods and services at U. S. military posts and canteens, without carrying cash, or manage their personal bank accounts while on deployment or in training. The program reduces the amount of American currency required overseas, reduces theft, saves thousands of man-hours in labor, helps reduce the risk of transporting cash in combat environments, and increases security and convenience for service members.
To date, 2million EagleCash and Ezpay cards have been issued and used to process electronic transactions valued at over USD 3.billion 6billion. The system was given widespread acceptance in 1999, just before the War in Iraq; it has since been expanded to many military bases like Camp Anaconda on the front lines.
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This page is based on the article Eagle Cash published in Wikipedia (as of Jan. 03, 2021) and was automatically summarized using artificial intelligence.
