Keycorp have a 20% ownership in the Multos operating system....which is the one that PayPass is based on.
Licensing is interesting in this regard as Keycorp should receive 20% of I think its $50,000 for the initial licence then $35,000p.a.
Since Mastercard has 26,000 bank members and presuming that each must license the technology...WOW
..can anyone confirm this scenario!
