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Naval Supply Systems Command's Navy Cash[TM] Program was recognized as one of the top 12 acquisition programs in the federal government at an awards ceremony held in Washington, D.C., in September for the finalists for the Business Solutions in the Public Interest Awards. It was chosen by acquisition professionals from a highly competitive field of 70 applicant programs as representing an outstanding example of using creative business tools.
The Business Solutions in the Public Interest Awards are administered jointly by Government Executive Magazine, the Council for Excellence in Government and the Office of Federal Procurement Policy to identify and celebrate acquisition teams and agency leaders who use acquisition effectively and creatively to achieve agency missions. This competition strives to select programs that demonstrate the power and payoff of using acquisition tools to transform the acquisition culture.
Navy Cash[TM] is a Navy, Department of the Treasury, and industry partnering project to make Navy ships "cash-lite/cashless" using e-business smart card technology. The Navy Cash[TM] program is an Afloat Supply Department of the Future (ASDOF) initiative that supports the Naval Supply Systems Command strategic goal to reduce workload aboard ships. Navy Cash[TM] is built on the ATMs-At-Sea Program calling for migration to a cashless environment within the skin of the ship using reloadable electronic purse technology.
Prototypes of Navy Cash[TM] on board the USS Rentz and USS Bonhomme Richard in 2001, were the result of the NAVSUP Navy Cash[TM] Program Office forging partnerships to leverage the qualified expertise of each partner into one financial platform. Each partner was brought into the venture with a stake in the outcome promising a direct benefit. This venture opened opportunities for Navy to develop and test the concept of cashless ships while providing Treasury a controlled environment for exercising its responsibilities for developing e-commerce capabilities. To migrate all ships to a cashless environment, the Navy Cash[TM] Team devised a solution of making each ship "a bank in a box" using an electronic-purse/debit card system.
Navy Cash[TM] provides major quality of life benefits for Sailors and Marines and specific business benefits for the partners. Navy Cash[TM] capabilities represent the ...
Source: HighBeam Research, Navy Cash[TM] recognized for acquisition excellence.(e-business smart...