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[pelaut] Globe Wireless introduces CrewCash and ShipMoney cards



Globe Wireless has signed an
exclusive worldwide sales and
marketing agreement with
CrewCash, a payments company
offering comprehensive prepaid
solutions to the commercial
maritime industry.
CrewCash and ShipMoney is a new prepaid
Visa card programme for Masters and crew
members. The programme provides a very
efficient and cost effective alternative to the
delivery of currency to vessels, the company
said. It is based on reducing the number of
cash deliveries and the amount of cash held on
board, thereby significantly reducing costs.
Historically, maritime companies were faced
with an expensive logistical problem of
delivering cash to their vessels. Cash is
always required on board and is used for crew
advances, as well as for provisions and
emergency expenses by Masters. Shipping
companies usually limit the amount of cash
that can be drawn on board by their crew due
to the high cost of delivering currency to
vessels throughout the world, estimated at 5%,
or more.
CrewCash and ShipMoney is being
introduced to the commercial maritime
industry as a cost saving alternative to cash-tomaster programmes and as a new benefit to
crew members.
CrewCash offers an alternative to on board
cash advances and works like any other Visa
debit card anywhere in the world. With
CrewCash, crew members can receive their
pay, send money to family or friends,
withdraw local currency at ATM's, make
purchases using their cards at stores,
restaurants, online, etc.
The system will make it easier for crew to
receive their wages, is less expensive to
convert to their home currency and is safer
than carrying cash. CrewCash cardholders do
not need a bank account and there is no credit
ShipMoney is a prepaid Visa purchasing
card for Masters. It provides them with a
financial tool for provisions, emergency and
other ship expenses. It can be loaded and
unloaded with funds 24/7, offering maximum
flexibility to the on board treasury function at
the lowest possible cost.
ShipMoney is fully customisable and can be
configured to include, or exclude ATM access,
as well as restricting vendors by merchant
category codes. For example, the cards can be
restricted for use at casinos, massage parlours
and other places Masters should not be
spending company funds. The programme
includes real-time and downloadable expense
reporting, so corporate accounting will always
be informed and in control.
In addition to reducing costs, CrewCash will
offer maritime companies a compliant solution
to crew remittances once the Maritime Labour
Convention is ratified.

== fm tanker operator =======

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