SECURITY

  • High security
  • Reduced risk of piracy, theft & fraud and personal risk moving US currency to vessel
  • Robust & dynamic security systems

 

REDUCE CASH

  • Remove need for in-port cash advance
  • Reduce the need for cash on board the vessel
  • Heavily Reduce “Cash to Master” and relieve “Cash Advance” requirements on board
  • Improve security & accountability​

 

SIMPLIFY PAYROLL PROCESSES

  • User-friendly
  • Streamline payroll processes
  • Easily interfaces with existing payroll programs
  • One transaction for whole payroll
  • No need for multiple foreign currency accounts
  • Fulfill termination pay requirements more easily
  • Minimise exception payroll processing​

IMPROVED FINANCIAL MANAGEMENT

  • Reduction in costs
  • Heavily reduced pay dissemination costs and fees
  • Digital transfer of funds (even without internet connection)
  • Settlement & reconciliation reports
  • Improve treasury function with improved cash flow management
  • Separate ship card for purchasing and control
  • Transfer funds to any Visa or Mastercard product
  • Remove the MLC 2006 issues around timely in-port payments
  • Competitive, real-time FX trading engine with rates sourced directly from market
  • Ability to nominate own FX provider

 

EMPLOYEE SATISFACTION

  • Increase crew member satisfaction and productivity by providing full low-cost banking solutions
  • Multicurrency cards allowing flexible fund management
  • Loyalty & rewards: cashback programs & points management solutions
  • Contribute to corporate social responsibility initiatives