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 ...

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.

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.