Digital Payments Fintech News

MOCA and AFFN Partner to Bring Virtual Cards to Armed Services

MOCA Financial and the Armed Forces Financial Network Partner to Bring MOCA’s Next-Generation Card-Based Payment Platform

Payments Platform Brings Advanced Card-Based Payments to Military Personnel Worldwide

MOCA, a digital-first next-generation card-based payment platform provider, has partnered with the Armed Forces Financial Network (AFFN) to offer MOCA’s Digital-First Next-Generation Card-Based Payment Platform to the United States military community worldwide.

“MOCA provides a superior card-based payment experience, and we are thrilled to begin offering a faster, easier and more secure way for our member credit unions and banks to facilitate the next generation cardholder experience with their members/customers.”

This partnership provides The Association of Military Banks of America (AMBA) Banks and The Defense Credit Union Council (DCUC) Credit Unions with the ability to deliver more comprehensive payment products and services. MOCA offers virtual and purpose-driven cards with features to self-issue virtual and plastic cards on-demand, including cards to family members, get real-time transaction alerts, and even make P2P payments to family members or others in real-time. The MOCA platform is powered by Visa.

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“AFFN proudly serves our military and defense communities who deserve the very best product and services we can offer,” said John Broda, President & CEO of AFFN. “MOCA provides a superior card-based payment experience, and we are thrilled to begin offering a faster, easier and more secure way for our member credit unions and banks to facilitate the next generation cardholder experience with their members/customers.”

AFFN serves more than 375 defense credit unions and military banks through the partnership with the Association of Military Banks of America (AMBA) and the Defense Credit Union Council (DCUC).

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“We are proud to be able to support troops, veterans, and military families worldwide with our platform,” said John Burns, CEO of MOCA. “AFFN has an incredible reach with its banks and credit unions. It is exciting to work with AFFN to take payments to the next level for each of the member financial institutions the network serves, as well as our military men and women across the globe.”

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