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Short Take: Discover backs MULTOS

Discover Card, a unit of Morgan Stanley Dean Witter, will back the MULTOS smart card operating system pushed by MasterCard. The company currently issues 46 million cards. MULTOS is one of several efforts to put multiple applications on a single smart card as credit card companies try to move from magnetic stripe cards to those with an embedded chip.

    Discover Card, a unit of Morgan Stanley Dean Witter, will back the MULTOS smart card operating system pushed by MasterCard. The company currently issues 46 million cards. MULTOS is one of several efforts to put multiple applications on a single smart card as credit card companies try to move from magnetic stripe cards to those with an embedded chip.