A magnetic stripe card is a type of credit or other card that allows the user to make electronic transactions or obtain entry to a particular space. The "stripe" contains embedded information that ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Thomas J Catalano is a CFP and Registered Investment Adviser with the state of South ...

Unlike traditional magnetic cards, which use static information to make a transaction, these pieces of plastic create a new key with each purchase, based on a standard by Europay, MasterCard and Visa.

Cards equipped with chips will become the new standard. The chip is more secure compared to a magnetic stripe because it creates a unique transaction code, which is verified by the bank.

But in the 1990s the global EMV chip standard was introduced ... Although chip cards are being positioned as the successor to magnetic stripes, Mastercard notes that contactless payments, which ...

Now, it's time to prepare a eulogy to a gadget that's been an even bigger part of the American landscape for a much longer time -- the magnetic stripe credit card. An ingenious technology in its ...

it creates a magnetic field that can talk to standard magnetic credit card readers. "It emulates exactly what happens when you swipe a card in terms of transmitting data," Graylin said.

In the 8th Circuit Court of Appeals’ 15-page opinion, swiping a card does not constitute a physical search, as the magnetic stripe simply contains the same information obviously visible on the ...