Consumer Electronics
Credit and Debit Cards

Why do credit cards have a magnetic stripe?


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2011-05-23 16:10:04
2011-05-23 16:10:04

The information such as the credit card number can be easily swiped into the machine. This is much faster and not subject to entry errors if someone had to type the information in.


Related Questions

Why do credit cards have a magnetic stripe on the back

The reader that reads the magnetic stripe on the back of credit cards and other similar cards are called credit card reader.

in a magnetic stripe, for magnetic cards and in a chip, for smart cards

A magnetic stripe card is a type of card capable of storing modifying the tiny iron-based magnetic particles on a band of magnetic material on the card.

The Hypercom T7 Plus credit card terminal accepts all cards with a magnetic stripe. A merchant may put limitations on which cards are accepted but the terminal itself has no limitations.

The smart card contained a microprocessing chip, rather than the standard magnetic stripe on most credit and ATM cards

The magnetic stripe are found on the back of bank cards and some types of identification cards for security systems.

Advantages:- Putting magnetic stripes on the cards are not expensive,so the cards are cheap. Disadvantages:- Magnetic stripes may get damaged or the stripe reader could break down. Magnetic stripes can only be read and understood by a magnetic stripe reader....

Smart cards actually have microprocessor circuits that interact with electronic devices, and are used for banking, identification, security, and data storage. Magnetic stripe cards have coded information that normally can only be read as a whole, to retrieve the recorded information.

So you can use them. Otherwise they are nothing but peices of plastic. That's what the card scanner 'reads'. It contains the bank's identification and your account number, etc.

A magnetic strip reader is where data is stored on credit cards or debit cards. Iron based magnetic particles are what the data is stored in.

So that credit card swiping machines can read them.

Magnetic stripe card was created in 1960.

Magnetic Stripe Card is capable of storing Data by modifying the magnetism

The ones in hotels and motels do. They are basically the same magnetic stripe card as a credit or debit card.

The magnetic strips on the back of bank cards and credit cards can be affected by strong magnetic fields or being close to weak magnetic fields. When you keep credits cards in a wallet with magnetic strip touching or being very close together, it is possible for the magnetic strips to affect each making them unreadable. Even so, the credit cards can still be used by manually keying in the credit card number.

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 ­stripe on the back of a credit card is a magnetic stripe, often called a magstripe. The magstripe can be "written" because the tiny bar magnets can be magnetized in either a north or south pole direction.

If its rewritable card should allow you to over ride the information.

Magnetic strips are commonly used on the backs of credit cards. They are also on other, similar items, such as some states' driver's licenses, identification cards, and store loyalty cards.

To store information, which is then read by a magnetic reader.

Magnetic Storage:Hard disk drive (HDD)Floppy disk drive (FDD)Data Tape backupMiniDV tapeCassette tapeThe magnetic stripe on the back of a credit or debit cardNon-magnetic Storage:Solid-state drive (SSD)Flash memory cardUSB flash driveOptical media (DVD, CD and BluRay)Punch cards

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.

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