Stored-Value Card

Features & Benefits

The Financial Management Service of the U.S. Department of the Treasury has developed SVC applications designed to improve financial controls and cash management, streamline administrative processes, and improve quality of life of cardholders. Cards have been used to:

• Minimize new recruit processing time.
• Eliminate the cost of securing, transporting, and accounting for cash.
• Eliminate manually intensive back-end processes associated with scrip, vouchers, meal tickets, money orders, traveler's checks, and other payment mechanisms.
• Eliminate financial float-loss.
• Improve quality of life for military personnel.
• Reduce exposure to risk of theft/loss.