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Date Posted: 01:48:15 03/05/03 Wed
Author: reported back to the scheme ownerand transactions between purses are allowed. This makes it closer to a true cash substitute than other schemes.
Subject: Mondex-The electronic purse system developed by NationalWestminster Bank in the UK; it is now 51% owned byMasterCard International, and is licensed to banks in manycountries. Mondex is unusual amongst bank-owned electronic purse schemes in that the individual transactions are not
In reply to: Java Card Special Interest Group 's message, "Glossary of Smart Card Terms" on 17:04:57 02/26/03 Wed

Mondex
The electronic purse system developed by National Westminster Bank in the UK; it is now 51% owned by MasterCard International, and is licensed to banks in many countries. Mondex is unusual amongst bank-owned electronic purse schemes in that the individual transactions are not reported back to the scheme owner, and transactions between purses are allowed. This makes it closer to a true cash substitute than other schemes.

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