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magnetic stripe

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magnetic stripe

[mag¦ned·ik ′strīp]
(computer science)
A small length of magnetic tape on a card or badge, containing data that is machine-readable.
McGraw-Hill Dictionary of Scientific & Technical Terms, 6E, Copyright © 2003 by The McGraw-Hill Companies, Inc.

magnetic stripe

(storage)
A black stripe, printed on the back of a credit card or similar, that stores a machine-readable copy of the information on the card. The stripe contains iron particles about 500 nanometers long that can be magnetised like magnetic tape. The data can be read by swiping the card through a card reader.
This article is provided by FOLDOC - Free Online Dictionary of Computing (foldoc.org)

magnetic stripe

A small length of magnetic tape adhered to credit cards, badges, permits, passes and tokens. The tape is read by magnetic stripe readers incorporated into ATMs, identification readers and payment terminals. Due to the daily, heavy wear these cards receive, the digital recording on the stripe is in a very low-density format and often duplicated several times in case part of the stripe becomes damaged. See EMV and smart card.


Magnetic Stripes
The uses of magnetic stripes are a testimony to their durability. Adhered to credit cards and a variety of other plastic or paper cards, the low-density tape recording is designed to withstand abrasion from daily use.







Old and New Together
Cards with magnetic stripes have been around since the late 1960s, and they co-exist with chip cards and wireless payment methods today. See smart card and NFC.
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References in periodicals archive
In the current POS transaction framework, a person who uses a cloned magnetic stripe bank card, knowing the PIN can circumvent the authentication mechanism.
An Approach to Authenticate Magnetic Stripe Bank Card Transactions at POS terminals
The magnetic stripe behind credit and debit cards usually contains an account name and number.
Four reasons to use Magnetic Stripe Technology
Smart cards are magnetic stripe cards with additional capabilities embedded in the card.
THE FUTURE OF MOBILE ELECTRONIC PAYMENTS
So if a retailer has Installed and activated EMV card reader equipment, but a non-chip magnetic stripe card is presented at the checkout and there turns out to be fraud on that product, the card issuer is responsible for the fraud.
EMV101: smart chip technology expands in the U.S: the U.S. is finally catching up with the rest of the industrialized world and deploying more secure chip card technology
Both mobile card readers support hi-coercivity and low-coercivity magnetic stripe cards conforming to ISO 7810/ISO 7811 specifications.
ACS Launches ACR32 and ACR35 Mobile Card Readers
Most issuers house their cardholder management system on legacy mainframes where they prepare data for magnetic stripe card issuance.
PRIME FACTORS UNVEILS EMV DATA PREPARATION SOFTWARE
Vulnerabilities in the authentication protocols of magnetic stripe cards--particularly the static nature of their verification codes, which do not change from transaction to transaction--can be exploited in diverse ways to send false signals to card issuers.
The U.S. adoption of computer-chip payment cards: implications for payment fraud
"As Chip Cards are a more secure alternative to traditional magnetic stripe payment cards, we had the foresight to migrate to this new technology to give our customers added peace of mind.
ADIB migrating cards to EMV Chip and Pin technology
banks currently use a magnetic stripe on debit and credit cards to store the cardholder's name, account number and other authenticating information.
New secure-chip debit card making its appearance in community banks
So in a new twist, some companies are now creating interactive cards that work with ordinary magnetic stripe readers
Credit card magnetic stripes get smarter
Bolt-on accessories include a magnetic stripe reader, 2D imager, and extended life batteries for up to 12 hours of continuous operation.
Rugged computer for mobile use
Summary: Gemalto (Euronext NL0000400653 GTO), the world leader in digital security, today announced that it has been chosen to manage Home Trust CompanyEoACAOs migration from magnetic stripe credit cards to EMV (Chip and PIN) smart payment cards.
Home Trust of Canada Selects Gemalto for EMV Migration
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