Bank of Scotland has become the first institution outside the original ownership group to say it will participate in the Mondex U.K. smart card system.

Billed as an "electronic alternative to cash," Mondex is to be tested this summer in the English town of Swindon. National Westminster Bank developed the system with several technology partners and was joined as co- owner of the British franchise, Mondex U.K., by Midland Bank, also of London.

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