There are, broadly, two kinds of magnetic stripe, called HiCo and LoCo. The latter is cheaper, less durable, and more susceptible to disruption from magnets, says Lee Minter, head of global ...

The magnetic material on most gift cards bears a quality that’s known in the industry as “low coercivity.” The stripe on so-called “LoCo” cards is usually brown in color, and new data ...

He has a passion for analyzing economic and financial data and sharing it with others. A magnetic stripe card is a type of credit or other card that allows the user to make electronic transactions ...

Today is the day — the beginning of the end for the venerable (but woefully open to abuse) magnetic stripe, a technology pioneered in the 1960s. Enter the more secure age of the chip ...

In 2014, $16 billion were stolen via credit cards with magnetic strips. Nearly of those data compromises happened at the check-out terminal. "With a mag stripe card, that info is available ...

Chip cards are less vulnerable to skimming than magnetic stripe cards, but they aren’t completely safe. Crooks can still ...

Mastercard is getting rid of magnetic stripes on its credit and debit cards over the next 10 years, part of a broader push from the company to use "more capable and secure" alternatives to the old ...

The magnetic material on most gift cards bears a quality that’s known in the industry as “low coercivity.” The stripe on so-called “LoCo” cards is usually brown in color, and new data ...