Mondex Smart Card
The Mondex smart card allows end users to transfer funds electronically onto the card and then utilize the Mondex smart card to make card-to-card transfers up to the total cash value held on the card. Offline transactions may seem anonymous, however they actually are recorded in the digital memory of the card’s microprocessor and remain retrievable the next time the card is used at an ATM, or as soon as the retailer uploads transaction data to the bank computer.