| has gloss | eng: Eagle Cash (also: EagleCash) and EZPay are two related systems of stored-value cards sponsored by the US Treasury and developed by the Federal Reserve Bank of Boston for the U.S. Military for use at military facilities domestically and overseas. The systems center around a small plastic card, similar to a credit or debit card, which has an embedded microchip to keep track of the amount of money stored on the card. This allows soldiers with the card to purchase goods and services at U.S. military posts and canteens, without having to carry around cash, or manage their personal bank accounts while on deployment or in training. The program reduces the amount of U.S. currency required overseas, reduces theft, saves thousands of man-hours in financial labor and security, and helps reduce the cost of turning military pay into disposable income, by eliminating the need for money orders. |
