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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.

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12y ago

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What data is on a credit card magnetic strip?

Why do credit cards have a magnetic stripe on the back


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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.


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