Before jumping into the content of this post, I’d like to recognize and thank our military veterans and their families for their continued sacrifice.
- The Association of Military Banks of America (AMBA) is launching a new debit card called the Patriot Card.
- The card is launching in partnership with digital accounts and payment processing company MOCA Financial.
- AMBA will donate a portion of the interchange generated by every swipe of the Patriot Card to military and Veteran support organizations and causes.
The Association of Military Banks of America (AMBA) unveiled a new debit card today called the Patriot Card. AMBA, a military bank trade association, is launching the new payment card through a partnership with digital accounts and payment processing company MOCA Financial.
The Patriot Card aims to offer Veterans a safe, flexible, and reliable card that they can use to receive, spend, and save their government benefits. Features of the new card include a virtual card option, fee-free person-to-person transfers, card-to-card transfers, and low fees.
AMBA will donate a portion of the interchange generated by every swipe of the Patriot Card to military and Veteran support organizations and causes.
“AMBA is thrilled to offer Veterans a new, safer, and more flexible option to receive payments and manage their finances,” said AMBA President and CEO Major General (Ret.) Steven J. Lepper. “We teamed with MOCA because they share our determination to help Veterans achieve financial success. The Patriot Card will provide Veterans who prefer not to use bank or credit union accounts to manage their money an alternative that is equally safe and secure.”
Transactions made using the Patriot Card will be routed across either VISA’s network or the Armed Forces Financial Network (AFFN). AFFN serves consumers of more than 375 military banks and defense credit unions and will enable users of the Patriot Card to access more than 800,000 ATMs and 2.3 million retail locations across the globe.
“We’re honored to be able to play such a monumental role in serving Veterans worldwide,” said MOCA President Shawn Sinner. “We hope that this advancement continues to make life easier for Veterans, Military, Military Spouses, and families.”