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magnetic stripe |
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magnetic stripeA 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 ATM machine.
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.
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LANCASTER - The Antelope Valley Transit Authority (AVTA) continues to improve public transportation services for its passengers with the implementation of 31-day magnetic stripe passes. While magnetic stripe technology is able to process and record transactions instantaneously, transactions with smart card technology occur offline during nightly batch processing, then link directly to a student's bank account. In addition to magnetic stripe and smart card EMV-based credit and debit transactions, it supports value-added services, such as loyalty programs, gift cards and prepaid services. |
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