Reaching across competitive lines, American Express Co. is joining a technical consortium that has been closely associated with MasterCard International and its Mondex smart card.

American Express, which had previously licensed the Proton chip card technology from a Belgian banking association, said Wednesday it is also licensing the Multos operating system. Until now, only Mondex and MasterCard products had been built for Multos, which is designed to accommodate multiple services on a single card.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.