Credit and Debit Cards
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Inventor or credit card magnetic strip?

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2013-02-21 17:00:40
2013-02-21 17:00:40

Forest Parry (IBM Corp):

http://en.wikipedia.org/wiki/Forrest_Parry

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Related Questions


Why do credit cards have a magnetic stripe on the back


Take a magnet, swipe it on the magnetic strip on the card.


The strip stores digital information about the credit card and its owner and the bank account of the owner.


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.


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.


A magnetic strip, which can be read by a card reader.


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.


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 would not damage a credit card. However, other devices that use magnetic strips (e.g. hotel card keys) could be damaged.


information is encoded in a magnetic strip


The magnetic strip holds the information of your card.


It may have something to do with the magnetic strip on the card.


When a credit card is swiped through a reader, pulses of current are generated in the coils and read the electromagnets on the magnetic strip of the credit card.


A credit card imprinter is capable of taking a carbon copy image of a credit card. Its main use is in situations where the magnetic strip is not recognized.


The magnetic strip contains data relating to the Account number, Branch number & Sort code of the bank where the account is held.


the magnetic strip on the back of credit cards r use to store information about the card holders account the information is stored in the form of magnetic field same as that in a floppy disk or a tape cassete


The stored value credit card has the credit card information on the magnetic strip. The smart card credit card has the information in the smart card computer-chip.


There are no magnets in credit cards. If you're referring to the 'magnetic strip' on the back of the card - it's a secondary system of identifying the card. When you insert your card into an ATM - the machine reads the magnetic strip which connects it to the account-holder's bank. Contrary to popular belief - it does not contain the PIN associated with the card.


No, photocopying a credit card does not destroy the magnetic strip, but unless you absolutely need a copy of your credit card, I would not suggest making copies of it. If you have a copy of the card (especially if you put front/back on the same page or stored together), it would make it very easy for someone to steal that information and use your card for online purchases.


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.


Credit cards are an application of smart card.Credit cards are either smart card or magnetic strip card.A smart card is a card which have an IC chip to process the data/ Smart card have the capability to process the data.


"In today's modern world of technology, magnetic encoding has revolutionized the safe and reliable transfer of personal credit card data. However, once the magnetic strip has been damaged on the back of a credit card it will no longer work properly. The only solution is to replace it with a new card."


The strip on the back of your credit card is made up of magnetic particles that contain the account information. Any contact with a magnet or magnetic field can cause the strip to become demagnetized and the card to be ruined. Exposure to magnets can cause the particles in the strip to rearrange, making the card unreadable. Read more: Why Do Magnets Ruin Credit Cards? | eHow.com http://www.ehow.com/about_5365431_do-magnets-ruin-credit-cards.html#ixzz1Odckj7cS


The CC number on a credit card, is the 16 digit number on the front. The CVC number, is the three-digit number on the back of the card, next to the magnetic strip.


No they are literally indestructable as tested by the NBOFP (national bureau of fraud prevention)



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