Mondex is a smart card electronic cash system which was originally developed by National Westminster Bank in the United Kingdom and subsequently sold to MasterCard International. Mondex launched in a number of markets during the 1990s, expanding from an original trial in Swindon, UK to Hong Kong, Guelph, and New York. It was also trialled on several British university campuses from the late 1990s, including the University of Edinburgh, University of Exeter (between 1997 and 2001), University of York, University of Nottingham, Aston University and Sheffield Hallam University.
The Z notation was used to prove security properties about Mondex, allowing it to achieve ITSEC level E6, ITSEC's highest granted security-level classification.
- ^ http://www.efc.ca/pages/media/globe.01nov98.html
- ^ Susan Stepney, David Cooper, and Jim Woodcock, An Electronic Purse: Specification, Refinement, and Proof. Technical Monograph PRG-126, Programming Research Group, Oxford University, UK, 2000.
- ^ Jim Woodcock, Susan Stepney, David Cooper, John Clark, and Jeremy Jacob, The certification of the Mondex electronic purse to ITSEC Level E6, Formal Aspects of Computing, Volume 20, Number 1, pages 5–19, January 2008.