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Judging from the picture in the article, this card technology looks a lot like the Mondex 'e-money' cards that the company was experimenting with in a very limited in Canada and (I think) the UK a few years ago. My town (at the time) was one of the places where the cards were tested.

Go and look at my link as well as the article. The cards simply have different art. Look at the mondex card images here:

Chase Manhatten Bank
City University of Hong Kong
University of Exeter
National Westminster Bank
Hongkong Bank

Notice how similar they all look to the one in the article

Basically these things allowed you to carry a balance on a chip on the card. Furthermore, we got these phones from Bell with card slots in the side so we can pay for a pizza over the phone as we order it. The public phone booths had mondex slots so you could exchange money over the phone.

It sounds nice but if this is really what is being implemented in Hong Kong, I foresee dire problems. You see, the Mondex technology was dreadfully easy to crack. Within a week of the technology's introduction, there were people offering to max out the value on your card for only a small price. Also, you wern't carrying around 'real' money. All you really had was a piece of plastic with a chip with some information stored on it. When you 'downloaded' cash from the ATM 'into' your card, the 'real' money was still with the bank. It took some serious prodding of the mondex officials, but my father who was very suspicious of all of this eventually discovered that the banks were INVESTING the money that we were supposedly 'spending' on our Mondex cards. It seems to me like money is being used 'twice.' Clearly this was shady business.

Considing the questionable nature surrounding these cards, I see a nightmare in store for the people living in HK (assuming that this is in fact an implementation of Mondex technology.)

Judging from the picture in the article, this card technology looks a lot like the Mondex 'e-money' cards that the company was experimenting with in a very limited in Canada and (I think) the UK a few years ago. My town (at the time) was one of the places where the cards were tested.

Go and look at my link as well as the article. The cards simply have different art. Look at the mondex card images here:

Chase Manhatten Bank
City University of Hong Kong
University of Exeter
National Westminster Bank
Hongkong Bank

Notice how similar they all look to the one in the article

Basically these things allowed you to carry a balance on a chip on the card. Furthermore, we got these phones from Bell with card slots in the side so we can pay for a pizza over the phone as we order it. The public phone booths had mondex slots so you could exchange money over the phone.

It sounds nice but if this is really what is being implemented in Hong Kong, I foresee dire problems. You see, the Mondex technology was dreadfully easy to crack. Within a week of the technology's introduction, there were people offering to max out the value on your card for only a small price. Also, you wern't carrying around 'real' money. All you really had was a piece of plastic with a chip with some information stored on it. When you 'downloaded' cash from the ATM 'into' your card, the 'real' money was still with the bank. It took some serious prodding of the mondex officials, but my father who was very suspicious of all of this eventually discovered that the banks were INVESTING the money that we were supposedly 'spending' on our Mondex cards. It seems to me like money is being used 'twice.' Clearly this was shady business.

Considing the questionable nature surrounding these cards, I see a nightmare in store for the people living in HK (assuming that this is in fact an implementation of Mondex technology.)

Judging from the picture in the article, this card technology looks a lot like the Mondex 'e-money' cards that the company was experimenting with in a very limited in Canada and (I think) the UK a few years ago. My town (at the time) was one of the places where the cards were tested.

Go and look at my link as well as the article. The cards simply have different art. Look at the mondex card images here:

Chase Manhatten Bank
City University of Hong Kong
University of Exeter
National Westminster Bank
Hongkong Bank

Notice how similar they all look to the one in the article

Basically these things allowed you to carry a balance on a chip on the card. Furthermore, we got these phones from Bell with card slots in the side so we can pay for a pizza over the phone as we order it. The public phone booths had mondex slots so you could exchange money over the phone.

It sounds nice but if this is really what is being implemented in Hong Kong, I foresee dire problems. You see, the Mondex technology was dreadfully easy to crack. Within a week of the technology's introduction, there were people offering to max out the value on your card for only a small price. Also, you wern't carrying around 'real' money. All you really had was a piece of plastic with a chip with some information stored on it. When you 'downloaded' cash from the ATM 'into' your card, the 'real' money was still with the bank. It took some serious prodding of the mondex officials, but my father who was very suspicious of all of this eventually discovered that the banks were INVESTING the money that we were supposedly 'spending' on our Mondex cards. It seems to me like money is being used 'twice.' Clearly this was shady business.

Considing the questionable nature surrounding these cards, I see a nightmare in store for the people living in HK (assuming that this is in fact an implementation of Mondex technology.)

Judging from the picture in the article, this card technology looks a lot like the Mondex 'e-money' cards that the company was experimenting with in a very limited in Canada and (I think) the UK a few years ago. My town (at the time) was one of the places where the cards were tested.

Go and look at my link as well as the article. The cards simply have different art. Look at the mondex card images here:

Chase Manhatten Bank
City University of Hong Kong
University of Exeter
National Westminster Bank
Hongkong Bank

Notice how similar they all look to the one in the article

Basically these things allowed you to carry a balance on a chip on the card. Furthermore, we got these phones from Bell with card slots in the side so we can pay for a pizza over the phone as we order it. The public phone booths had mondex slots so you could exchange money over the phone.

It sounds nice but if this is really what is being implemented in Hong Kong, I foresee dire problems. You see, the Mondex technology was dreadfully easy to crack. Within a week of the technology's introduction, there were people offering to max out the value on your card for only a small price. Also, you wern't carrying around 'real' money. All you really had was a piece of plastic with a chip with some information stored on it. When you 'downloaded' cash from the ATM 'into' your card, the 'real' money was still with the bank. It took some serious prodding of the mondex officials, but my father who was very suspicious of all of this eventually discovered that the banks were INVESTING the money that we were supposedly 'spending' on our Mondex cards. It seems to me like money is being used 'twice.' Clearly this was shady business.

Considing the questionable nature surrounding these cards, I see a nightmare in store for the people living in HK (assuming that this is in fact an implementation of Mondex technology.)

Judging from the picture in the article, this card technology looks a lot like the Mondex 'e-money' cards that the company was experimenting with in a very limited in Canada and (I think) the UK a few years ago. My town (at the time) was one of the places where the cards were tested.

Go and look at my link as well as the article. The cards simply have different art. Look at the mondex card images here:

Chase Manhatten Bank
City University of Hong Kong
University of Exeter
National Westminster Bank
Hongkong Bank

Notice how similar they all look to the one in the article

Basically these things allowed you to carry a balance on a chip on the card. Furthermore, we got these phones from Bell with card slots in the side so we can pay for a pizza over the phone as we order it. The public phone booths had mondex slots so you could exchange money over the phone.

It sounds nice but if this is really what is being implemented in Hong Kong, I foresee dire problems. You see, the Mondex technology was dreadfully easy to crack. Within a week of the technology's introduction, there were people offering to max out the value on your card for only a small price. Also, you wern't carrying around 'real' money. All you really had was a piece of plastic with a chip with some information stored on it. When you 'downloaded' cash from the ATM 'into' your card, the 'real' money was still with the bank. It took some serious prodding of the mondex officials, but my father who was very suspicious of all of this eventually discovered that the banks were INVESTING the money that we were supposedly 'spending' on our Mondex cards. It seems to me like money is being used 'twice.' Clearly this was shady business.

Considing the questionable nature surrounding these cards, I see a nightmare in store for the people living in HK (assuming that this is in fact an implementation of Mondex technology.)

Judging from the picture in the article, this card technology looks a lot like the Mondex 'e-money' cards that the company was experimenting with in a very limited in Canada and (I think) the UK a few years ago. My town (at the time) was one of the places where the cards were tested.

Go and look at my link as well as the article. The cards simply have different art. Look at the mondex card images here:

Chase Manhatten Bank
City University of Hong Kong
University of Exeter
National Westminster Bank
Hongkong Bank

Notice how similar they all look to the one in the article

Basically these things allowed you to carry a balance on a chip on the card. Furthermore, we got these phones from Bell with card slots in the side so we can pay for a pizza over the phone as we order it. The public phone booths had mondex slots so you could exchange money over the phone.

It sounds nice but if this is really what is being implemented in Hong Kong, I foresee dire problems. You see, the Mondex technology was dreadfully easy to crack. Within a week of the technology's introduction, there were people offering to max out the value on your card for only a small price. Also, you wern't carrying around 'real' money. All you really had was a piece of plastic with a chip with some information stored on it. When you 'downloaded' cash from the ATM 'into' your card, the 'real' money was still with the bank. It took some serious prodding of the mondex officials, but my father who was very suspicious of all of this eventually discovered that the banks were INVESTING the money that we were supposedly 'spending' on our Mondex cards. It seems to me like money is being used 'twice.' Clearly this was shady business.

Considing the questionable nature surrounding these cards, I see a nightmare in store for the people living in HK (assuming that this is in fact an implementation of Mondex technology.)