(Nikkei BP Group)
(No.1 High-Tech News Site in Japanese)
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| Three Japanese Financial Institutes Become Mondex Franchisees
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February 19, 1999 (TOKYO) -- Mondex International Ltd. of the United
Kingdom franchised its Mondex electronic money to three Japanese financial
institutions.
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They are Sanwa Bank Ltd., JCB Co., Ltd. (a major credit card company
in Japan) and MasterCard International of Japan.
Mondex is a subsidiary of MasterCard International Inc. of the United
States,
The franchisees will have sales rights for Mondex and issuance of Mondex
cards in Japan.
Mondex said that the franchise contracts mark the first step for its
business expansion in Japan, and that it is negotiating with other financial
institutions including Asahi Bank Ltd., Sakura Bank Ltd. and credit
card companies.
Mondex also said that it will soon commercialize a multi-use card using
multi-application operating system (MULTOS), an operating system for
smart cards that makes it possible to install several applications into
one card.
A multi-functional smart card can be used as a commuter pass, a members'
card, a company ID card and a health insurance card, as well as a card
for Mondex's electronic money.
More information in English is at: http://194.112.42.16/mondex/cgi-bin/printpage.
pl?&path;=../documents/newsb1j87.txt&user;=
Related story: Hitachi Develops MULTOS Card Chip for Electronic
Money
(Nikkei
New Media)
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