Globe Wireless Announces CrewCash and ShipMoney

Press Release
Wednesday, September 05, 2012

Globe Wireless announced an exclusive worldwide sales and marketing relationship with CrewCash, LLC (CrewCash), a payments company offering comprehensive prepaid solutions to the commercial maritime industry.

CrewCash and ShipMoney is a new prepaid Visa® card program for captains and crew members.  The program provides a very efficient and cost effective alternative to the delivery of currency to ships.  It is based on reducing the number of cash deliveries and the amount of cash held onboard, thereby significantly reducing costs.

Historically, maritime companies are faced with an expensive logistical problem of delivering cash to their vessels.  Cash is always required onboard and is used for crew advances as well as provisions and emergency expenses by captains.  Companies generally limit the amount of cash that can be drawn onboard by their crew due to the high cost of delivering currency to vessels throughout the world.  It is estimated to cost five percent or more to deliver currency to vessels.

CrewCash and ShipMoney is being introduced to the commercial maritime industry as a cost saving alternative to cash-to-master programs and a new benefit to crew members.


CrewCash offers an alternative to onboard 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 card at stores, restaurants or online and much more.


CrewCash 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 check.
ShipMoney is a prepaid Visa purchasing card for captains.  It provides them with a financial tool for provisions, emergency and other ship expenses.  ShipMoney can be loaded and unloaded with funds any time of day, any day of the year, offering maximum flexibility to the onboard treasury function at the lowest possible cost.


ShipMoney is fully customizable and can be configured to include or exclude ATM access, as well as restricting merchants by merchant category codes.  For example, ShipMoney cards can be restricted for use at casinos, massage parlors and other places captains should not be spending company funds.  The Program includes real-time and downloadable expense reporting so corporate accounting will always be informed and in control.


“As a leading provider of communications, operational and IT solutions to the maritime industry, Globe Wireless is perfectly positioned to introduce CrewCash and ShipMoney” stated David Kagan, President of Globe Wireless.  “We are very excited to introduce a new benefit to crew members while saving commercial maritime companies money.”


In addition to reducing costs, CrewCash will offer maritime companies a compliant solution to crew remittances once the Maritime Labor Convention is ratified.  The International Labor Organization (a UN Agency) drafted the Maritime Labor     Convention in 2006 to standardize and update international maritime law.  Title 2, Regulation 2.2 of the states:

 

Each Member shall require that ship owners take measures…”to provide seafarers with a means to transmit all or part of their earnings to their families or dependents or legal beneficiaries…..and….… a system for enabling seafarers, at the time of their entering employment or during it to allot…a proportion of their wages for remittance…”

 

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter February 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

SunEdison Restrained from 'Unusual' Asset Transfers

Solar company SunEdison Inc said a U.S. court has restrained the company from making any unusual asset transfers until a hearing in a lawsuit brought on by investors

Maersk to Scrap Ships at India's Alang Beaches, NGO Dismayed

Maersk Line said on Friday it had chosen four shipbreaking yards along India's Alang beaches to handle an increase in vessels that need to be scrapped, to the dismay

Teknotherm Marine Moves HVAC Arm to Bergen

Maritime heating, ventilation and air conditioning (HVAC) firm Teknotherm Marine has established a new subsidiary is established with the name Teknotherm Marine HVAC AS.

Technology

Sentinel Launches New Rudder Feedback Unit

Sentinel, a Beier Radio company, has designed and manufactured a new Rudder Feedback Unit (RFU) with many new features, including watertight components and connections

Innovative Equipment Will Help Unload Listing Ship

Following Smit Salvage’s salvage of the stricken ship Modern Express in the Gulf of Biscay, another Rotterdam company has now become involved in the rescue operations.

Sea IT, Veritas Tankers Ink Long-term Software Deal

Sea IT has entered a long term ICT agreement with Veritas Tankers. The agreement comprises installation of BlueCORE Generation 4, an ICT platform specifically developed for the marine industry,

Finance

Brazil's CEEE to sell stakes in Wind Farms, Dams

Brazil's Companhia Estadual de Energia Elétrica (CEEE), a power utility controlled by the state of Rio Grande do Sul, will sell assets including stakes in wind farms,

DP World Bolsters Investment in India

DP World Pvt. Ltd, the world’s fourth biggest container port operator majority owned by the Dubai government, has plans to invest over $1 billion in India for augmenting its port-related operations.

SunEdison Restrained from 'Unusual' Asset Transfers

Solar company SunEdison Inc said a U.S. court has restrained the company from making any unusual asset transfers until a hearing in a lawsuit brought on by investors

Software Solutions

Sea IT, Veritas Tankers Ink Long-term Software Deal

Sea IT has entered a long term ICT agreement with Veritas Tankers. The agreement comprises installation of BlueCORE Generation 4, an ICT platform specifically developed for the marine industry,

Update on Seagull Mobile apps for Crew

The Seagull mobile app for crew training status is set to revolutionise the way seafarers track their training records and receive critical safety alerts, by making

Danelec Marine Making Free ECDIS Upgrades

Ships with older Danelec ECDIS models are being upgraded to new hardware and software   Danelec Marine has launched a program to provide free upgrades of shipboard

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Navigation Offshore Oil Pipelines Port Authority Ship Electronics Ship Repair Ship Simulators Shipbuilding / Vessel Construction
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1288 sec (8 req/sec)