Editing Mondex (section)

===Transfers, card top-up and payments===
Mondex is an open-loop implementation of the electronic cash scheme - instead of transactions occurring only in one way, money can be transferred between any Mondex user.

A transfer of funds using the Mondex card (dubbed an 'electronic purse') operated through a Mondex-enabled device, and in principle occurred between 2 cards - whether it was 2 customers or a customer and a seller.<ref name="roger"/> 

Both would insert their cards into a device which would facilitate the transfer of funds and record the transaction onto the card.
The card's memory consisted of the last 10 transactions.<ref name="roger"/>

In order to top-up their cards, users could use an ATM, go to a bank branch, or visit several stores and businesses with compatible hardware.
Mondex cards that were issued by banks allowed cardholders to transfer funds to and from their personal bank account, which was linked directly to their card.<ref name="roger"/> 

Mondex cards could be used in any store or machine that supported it and had the necessary equipment. Depending on the country where the system was implemented, Mondex cards were accepted at a variety of businesses - supermarkets, department stores, public transport, taxis, car parks, vending machines, restaurants, cafés and many more. Some countries even allowed usage of the cards in lottery games.<ref>{{cite web |url=http://www.multos.com:80/library/pdf/02-10-00%20Norwegian%20Lottery%20CS.pdf |title=MULTOS Case Study - Post Office and State Lottery join forces to introduce Smart Card Technology in Norway |access-date=28 April 2025 |archive-url=https://web.archive.org/web/20040221043841if_/http://www.multos.com:80/library/pdf/02-10-00%20Norwegian%20Lottery%20CS.pdf |archive-date=21 February 2004 |url-status=dead }}</ref>