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∙ 12y agoThe 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.
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What is the Oct 1 deadline for PCI Compliance?
As of October 2015, all restaurants and other merchants in in the USA are subjected to Europay, Mastercard, and Visa (EMV) standards, reflecting a shift from magnetic-stripe credit cards to chip-and-pin cards. Considered safer and widely used across Europe and other nations, the chip-based cards require insertion of the card into a terminal throughout the entire transaction. The chip-based cards are less susceptible to fraud becuse the chips are far more difficult and expensive to duplicate and counterfeit than a simple magnetic strip. EMV compliance is required for credit card acquirers and processors, though it's not mandated for merchants and processors. But merchants assume liability for fraudulent purchases; this shift of risk responsibility has driven many to adopt the new standards and avoid the risk.
Why does iTunes need a credit card to redeem iTunes cards?
Actually you don'tif you have a gift card you dont need your credit card
What are some music downloading sites that don't require a credit card and are not illegal im only 15 and dont have a credit card yet so what are these sites?
Gift cards for popular music download services (such as iTunes or Amazon) are available in many stores. These cards can be used via their respective download services just like a credit card.
On iTunes what do you pay with?
On itunes, you can pay with your credit card or a gift card. Personally, I go out and buy a gift card and use it, just enter the code when it asks for it. I don't like giving my credit card number out, so gift cards is the way I do it. IF you use a gift card, go to redeem, and enter the cade. Hope this helped !:)
What are iTune cards for?
You buy an iTunes card with £15, £25 or £50 credit on and redeem it to top up your iTunes store account and then buy stuff from there. You have to have an iTunes account though.
What reader reads the magnetic stripe on the back of credit cards entertainment cards bank cards and other similar cards?
A magnetic stripe reader is used to read the information stored on the magnetic stripe on the back of cards like credit cards, entertainment cards, bank cards, and other similar cards. The magnetic stripe contains data such as account number and expiration date, which is swiped through the reader to facilitate transactions.
What data is on a credit card magnetic strip?
Why do credit cards have a magnetic stripe on the back
Where is data stored on a credit card?
in a magnetic stripe, for magnetic cards and in a chip, for smart cards
What reads the magnetic stripe on the back of the credit cards?
magstripe reader
contains magnetic stripe that stores information?
A magnetic stripe card contains a magnetic stripe that stores information. Unlike smart cards, magnetic stripe cards are passive devices that contain no circuits. These cards are sometimes called swipe cards: they are read when swiped through a card reader.
What credit cards does Hypercom T7 Plus accept?
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.
What was the smart card?
The smart card contained a microprocessing chip, rather than the standard magnetic stripe on most credit and ATM cards
What is a magnetic stripe used for?
no one knows why they just r sorry 4 the lame answer but i can't find it anywhere
Why do credit cards have a magnetic stripe on the back?
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.
What is used to read the information from the magnetic stripe?
Magnetic stripe readers
How is magnet used in ATM cards?
Magnetic Stripe Card is capable of storing Data by modifying the magnetism
Does card key use magnetic force?
The ones in hotels and motels do. They are basically the same magnetic stripe card as a credit or debit card.
