The Armed Forces Financial Network (AFFN) is an interbank network with a mission to increase the versatility of participating financial institutions to better serve the U.S. military. It provides electronic financial transactions services to the military banking and defence credit union sector. It connects approximately 346 banks and credit unions with over 500,000 ATMs and 2.3 million point-of-sale locations. John M. Broda is the President and Chief Executive Officer of the Network.
Video Armed Forces Financial Network
History
The Armed Forces Financial Network was founded in 1985 at the request of the United States Army to support the "Surepay" direct deposit initiative. The AFFN's role in the Surepay initiative was to be one way U.S. military personnel could gain access to their money.
In 2017 the Armed Forces Financial Network launched a chip and pin travel card.
Maps Armed Forces Financial Network
References
Source of the article : Wikipedia
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