The Affiliation of Navy Banks of America Launches Debit Card

Earlier than leaping into the content material of this put up, I’d like to acknowledge and thank our army veterans and their households for his or her continued sacrifice.

The Affiliation of Navy Banks of America (AMBA) is launching a brand new debit card referred to as the Patriot Card.The cardboard is launching in partnership with digital accounts and cost processing firm MOCA Monetary.AMBA will donate a portion of the interchange generated by each swipe of the Patriot Card to army and Veteran assist organizations and causes.

The Affiliation of Navy Banks of America (AMBA) unveiled a brand new debit card immediately referred to as the Patriot Card. AMBA, a army financial institution commerce affiliation, is launching the brand new cost card by a partnership with digital accounts and cost processing firm MOCA Monetary.

The Patriot Card goals to supply Veterans a protected, versatile, and dependable card that they’ll use to obtain, spend, and save their authorities advantages. Options of the brand new card embody a digital card possibility, fee-free person-to-person transfers, card-to-card transfers, and low charges.

AMBA will donate a portion of the interchange generated by each swipe of the Patriot Card to army and Veteran assist organizations and causes.

“AMBA is thrilled to supply Veterans a brand new, safer, and extra versatile choice to obtain funds and handle their funds,” stated AMBA President and CEO Main Normal (Ret.) Steven J. Lepper. “We teamed with MOCA as a result of they share our willpower to assist Veterans obtain monetary success. The Patriot Card will present Veterans preferring to not use financial institution or credit score union accounts to handle their cash another that’s equally protected and safe.”

Transactions made utilizing the Patriot Card might be routed throughout both VISA’s community or the Armed Forces Monetary Community (AFFN). AFFN serves customers of greater than 375 army banks and protection credit score unions and can allow customers of the Patriot Card to entry greater than 800,000 ATMs and a pair of.3 million retail areas throughout the globe.

“We’re honored to have the ability to play such a monumental position in serving Veterans worldwide,” stated MOCA President Shawn Sinner. “We hope that this development continues to make life simpler for Veterans, Navy, Navy Spouses, and households.”

Picture by Robert McGowan on Unsplash