Armed Forces Financial Network
Template:Short description Template:Infobox Interbank Network
The Armed Forces Financial Network (AFFN) is an interbank network. It provides electronic financial transactions services to the military banking and defense credit union sector.[1] It connects approximately 346 banks and credit unions with over 800,000 ATMs and 2.3 million point-of-sale locations that are often in or near military bases both in the United States and overseas.[2][3] John M. Broda is the president and chief executive officer of the network.[4]
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.[5] 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.[6]
References
<templatestyles src="Reflist/styles.css" />
Script error: No such module "Check for unknown parameters".
Script error: No such module "Navbox".