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 ?
By installing fake card slots, or even extra attachments (called 'skimmers') on top of the existing card slot, attackers can read the information on cards' magnetic strips. That can help them make fake duplicate cards to use in other ATMs.
* When a merchant accepts a counterfeit magnetic strip card.
The Hyatt Credit CardOs new EMV chip technology features a microchip as well as a traditional magnetic strip to accommodate merchants in the United States.
The card also has a traditional magnetic strip to accommodate merchants in the US.
"There's a magnetic strip on the cards and they won't be readily copyable.
Citibank released the new 2G card, which has a programmable magnetic strip and buttons on the front for users to choose to use it as a credit card or to spend reward points.
"But when magnetic strip data is not available criminals are limited to card-not-present fraud; they can only use the data they obtain from e-commerce attacks against other e-commerce or card-not-present businesses.
But POS devices collect the full magnetic strip, which makes it possible, for example, to encode that information on a dummy card for use at an ATM machine or a retailer.
One in five victims of card fraud said they had the magnetic strip on their card cloned at an ATM.
ATM network Link said criminals attached a skimming device to the card entry slot on the machine, enabling them to copy all of the information held on a card's magnetic strip.