Stored-value card Netherlands, Geldkarte in Germany, Quick in Austria, Moneo in France, Proton in Belgium, "Carta prepagata" ("Prepaid card") in Italy, FeliCa in Japan, EZ-Link and NETS (CashCard and FlashPay) in Singapore, Octopus card in Hong Kong, SUBE card in Argentina, and Touch 'n Go and MyRapid Card in Malaysia. The U.S. Department of the Treasury manages three stored-value card programs: EZpay, EagleCash, and Navy Cash. Non-government stored-value cards include Aramark GuestExpress, Compass Zipthru, and Freedompay FreetoGo. Stored-value cards are most commonly used for low-value transactions, such as transit system farecards, telephone prepaid calling cards, cafeterias, or for micropayments in shops or
Stored-value card vending machines. They also have an advantage over most other payment cards in that when making, say, a purchase telecommunication facilities are not needed, which may be important in situations where the availability or reliability of these facilities are uncertain or costly, especially for low-value transactions. A benefit to the merchant is that bank transaction fees are not incurred as the transaction is processed offline and there need not be a reference to the bank for processing. A limitation is that these cards cannot be used for online, telephone, mail order and other "card not present transactions". The German Geldkarte