Shows & Panels
- The 2014 Big Picture on Cyber Security
- AFCEA Answers
- Ask the CIO
- Building the Hybrid Cloud
- Connected Government: How to Build and Procure Network Services for the Future
- Continuing Diagnostics and Mitigation: Discussion of Progress and Next Steps
- Federal Executive Forum
- Federal Tech Talk
- The Future of Government Data Centers
- The Future of IT: How CIOs Can Enable the Service-Oriented Enterprise
- The Intersection: Where Technology Meets Transformation
- Maximizing ROI Through Data Center Consolidation
- Moving to the Cloud. What's the best approach for me
- Navigating Tough Choices in Government Cloud Computing
- The New Generation of Database
- Satellite Communications: Acquiring SATCOM in Tight Times
- Targeting Advanced Threats: Proven Methods from Detection through Remediation
- Transformative Technology: Desktop Virtualization in Government
- The Truth About IT Opex and Software Defined Networking
- Value of Health IT
- Air Traffic Management Transformation Report
- Cloud First Report
- General Dynamics IT Enterprise Center
- Gov Cloud Minute
- Government in Technology Series
- Homeland Security Cybersecurity Market Report
- National Cybersecurity Awareness Month
- Technology Insights
- The Cyber Security Report
- The Next Generation Cyber Security Experts
Shows & Panels
Monday - Friday, 6-9 a.m.
Hosts Tom Temin and Emily Kopp bring you the latest news affecting the federal community each weekday morning, featuring interviews with top government executives and contractors. Listen live from 6 to 9 a.m. or download archived interviews below.
Navy cashes in on going cashless
Monday - 10/18/2010, 10:31am EDT
Senior Internet Editor
The Navy is going "cashless." This is a new development for the Navy's Stored Value Card program. The move virtually eliminates the need for currency when sailors are aboard ship.
Graham Mackenzie, a spokesman for Navy Cash told Federal News Radio cash needs went, essentially, two ways.
First was when cash is needed for when a ship gets to port to restock food, fuel, spares, etc.
The second is to support a micro-economy aboard ship. Aircraft carriers, for example, are pretty much like a small town. Candy, toiletries, and snacks can be bought at the ship's store. There's a post office aboard where sailors can send packages home. And then there are the vending machines for sodas and snacks.
"Last year alone," said Mackenzie, "we displaced 80 million quarters that would otherwise have to be carried by personnel, transported, counted and stored and all that kind of stuff. So there's an administrative workload associated with that."
Now, sailors don't have to bring a checkbook on board or stand in line to cash a check. Money can be loaded onto the Navy Cash cards from their home banks or automatically loaded onto the card each payday.
In a press release, Navy Capt. George DeVries, Commander, Naval Supplies System Command explained "ships are carrying on average about 75 percent less cash on deployments and many return with more than 80 percent of that cash remaining."
Card readers and self-serve kiosks have been installed in the stores and post offices across the surface fleet, and are being built into new ship, said Mackenzie. "It's basically a network on the ship. It works in an offline mode.... You can imagine given the location of where the ships are, an offline authorization and settlement mechanism probably makes more sense, and definitely makes more sense for the Navy."
And in case you're wondering, there are about 80 quarters in a pound, so 80 million quarters is a million pounds.