Summary:
The U.S. Army plans to end the EagleCash Stored Value Card Program by the conclusion of Fiscal Year 2025. Col. Michelle M. Williams from the U.S. Army Financial Management Command indicated that a thorough assessment regarding usage, cost, and modern technological relevance led to this decision. The program, which experienced a 92.6% decline in use from its peak in 2010, will save the Army approximately $1.7 million annually in costs and administrative expenses.
Executive Summary:
The U.S. Army is terminating the EagleCash program due to significant declines in usage and associated costs. This decision, effective by FY25, is driven by an evaluation highlighting the program’s inefficiency in delivering financial services to personnel in the current technological environment. With usage dropping sharply since its peak in 2010, the Army expects to save $1.7 million per year from this move.
12ft.io Link: https://12ft.io/https://www.army.mil/article/282949/army_to_sunset_its_eaglecash_program_in_fy25
Archive.org Link: https://web.archive.org/web/https://www.army.mil/article/282949/army_to_sunset_its_eaglecash_program_in_fy25
Original Link: https://www.army.mil/article/282949/army_to_sunset_its_eaglecash_program_in_fy25
User Message: Terminating the program saves the Army $1.7 million in costs and administrative expenses a year during a time when the Army’s usage of the program is down 92.6 percent from its high mark in 2010 when it processed $1.9 billion annually.
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