Magstripe Magstripe

Magstripe - Definition and Overview

A magnetic stripe, sometimes called a magstripe, refers to a band of magnetic material on credit cards, transit fare cards or identification cards to store information. The magnetic stripe is read by physical contact and swiping past a reading head.

This is in contrast to the newer generation of smart cards which contain an actual computer chip with metal contacts, or contactless cards which use a magnetic field or radio frequency (RFID) for close-proximity reading.

See also

Example Usage of Magstripe

closing_bid: Retailers NEW MAGTEK MINI Magstripe SWIPE CARD READER WHITE - Lanham,MD - $0.94 http://bit.ly/70wnia #ebay #retail
mac_kal: More about Credit Card Fraud and why Magstripe is an outdated and unsecure technology: http://en.wikipedia.org/wiki/Credit_card_fraud
mac_kal: Read more about liability shift about fraudulent use of CreditCards when not using Chip&PIN but Magstripe only: http://tinyurl.com/ykclchf
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