Which of the following is a key benefit of using a cashless payment system in the Navy?

The key benefit of using a cashless payment system in the Navy is the reduction in transaction fraud. Cashless systems enhance security by minimizing the amount of physical cash involved in transactions, which can be a target for theft and loss. Digital transactions also include built-in protections such as encryption and transaction logs, making it more difficult for unauthorized transactions to occur. This security feature not only protects the funds but also instills confidence in the users of the system, as they can trust that their transactions are being conducted securely.

Additionally, cashless systems can streamline payment processes, provide better tracking of financial activities, and improve overall efficiency in operations, all of which contribute to a safer financial environment compared to traditional cash handling systems.