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A magstripe, short for magnetic stripe, is a feature found on the back of Credit and Debit Cards that stores data used for transactions. It contains three tracks of data, which include information such as the cardholder's name, account number, expiration date, and other security information. When swiped through a card reader, the magstripe allows for quick processing of payments by transmitting this encoded data for authentication. However, it is also susceptible to skimming and fraud if not properly secured.

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2w ago

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