WASHINGTON - The U.S. Department of the Treasury announced that it has installed the EagleCash stored-value card program at 12 U.S. Army bases in Iraq and Kuwait.
According to a news release, EagleCash was launched in partnership with the Department of the Army to safeguard and simplify U.S. soldiers' cash management while stationed abroad.
EagleCash's smart card technology eliminates coin, currency, scrip, vouchers, money orders and other paper-payment mechanisms by replacing them with a card and touchscreen program. The program also enhances the safety of soldiers and other personnel in deployed areas by reducing the number of missions required to supply the camps with currency.
So far, 70 EagleCash kiosks and 1,200 point-of-sale terminals have been installed to support the stored-value card system. More than 4,500 EagleCash cards have been issued and more than $22 million transactions have been processed.
