EagleCash is a cash management tool designed to support U.S. military personnel deployed in combat zones and on peace-keeping missions. The program, which improves convenience for Soldiers and other authorized personnel, was developed and is managed jointly by the U.S. Army, U.S. Air Force and U.S. Department of the Treasury. The program uses smart-card technology and off-line batch processing to reduce the amount of U.S. currency in circulation overseas, and to take workload out of the base Finance Office, thus freeing up military personnel for other essential duties. EagleCash cards are issued at selected pre-deployment sites in the U.S., and at Finance Offices in contingency areas of operation where the program has been deployed.
EagleCash cards are a type of payment card referred to as Stored Value Cards (SVC) and can interface with automated kiosk devices located at convenient locations on the camp/base, which allow enrolled cardholders self-service access to funds in their U.S.-based checking or savings accounts. Funds on the card can be used to purchase goods and services at the Post Exchange or Base Exchange, Postal facility, and most concessionaires on base. Each EagleCash kiosk transaction reduces Finance Office accountability and workload, and saves servicepersons time and money.
EagleCash has been in existence since 1999 and can be found on approximately 50 U.S. military installations in eleven countries around the world. To date (as of June 2010), over 890,000 cards have been issued and have been used to process 53 million electronic transactions valued at over $2.9 billion.