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The magnetic strip holds the information of your card.
Take a magnet, swipe it on the magnetic strip on the card.
The data stored on a credit or debit card is stored not only in the metallic chip - but also on a magnetic strip on the rear of the card. Magnetic card readers read the data from the strip on the card, instead of the embedded chip.
Why do credit cards have a magnetic stripe on the back
A credit card is a piece of plastic with a strip of magnetic information on it. When this strip is exposed to a strong magnetic field, like in an MRI, PET scan, or CAT scan it can get erased because the magnetic field removes the magnetic information.
The magnetic strip contains data relating to the Account number, Branch number & Sort code of the bank where the account is held.
Yes, The black strip on the back of a credit card (or any other plastic card with a dark strip) stores information on it in magnetic form. Thus if you place a credit card near a strong magnet it will change/damage this magnetic information making the strip unreadable.
Magnetic strips can be used in several different applications. There is a magnetic strip on the back of a credit card. This thin strip houses personal information that is activated when it is slide between 2 activators.
A magnetic strip, which can be read by a card reader.
A magnetic card reader/magnetic reader your credit card has lots of little squares on the black strip. Each one is magnetised or not. this represents 1/0 binary. 8 of these make a byte. the magnetic card reader detects these little 1/0 dots and turns them into numbers.
It may have something to do with the magnetic strip on the card.
information is encoded in a magnetic strip