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Magnetic Stripe Card

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Magnetic Stripe Card
A plastic or paper card with a magnetic stripe containing information about the card owner, the financial value of the card, or other related information.
    
A magnetic stripe card is a type of card capable of storing data by modifying the magnetism of tiny iron-based magnetic particles on a band of magnetic material on the card. The magnetic stripe, sometimes called a magstripe, is read by physical contact and swiping past a reading head.
    
Some examples include credit cards, debit cards, electronic benefit transfer (EBT) cards, public transit fare cards, and telephone usage cards. See Also Automated Teller Machine, Credit Card, Debit Card.
Posted by  Information Management Network LLC., Spintelligent (Pty) Ltd
 
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