The credit card magnetic stripe technology was invented by IBM engineers Jerome Svigals and Ronald J. Brachman in the late 1960s. They developed the technology to store information on a credit card and allow for electronic transactions.

Magnets in credit cards are used to store data on a magnetic stripe. This data includes account information that allows the card to be read by card readers at points of sale. When the magnetic stripe is swiped, the reader can access this information to process the transaction.

A card reader, also known as a magnetic stripe reader, is used to read the magnetic strip on the back of a credit card. This device decodes the data stored on the magnetic stripe, which typically includes the cardholder's name, account number, and expiration date.

You can ruin the magnetic strip on a credit card by exposing it to strong magnetic fields, scratching or bending the card, or coming into contact with liquids or oils that can damage the strip. Once the magnetic strip is damaged, it may not be readable by card readers and could prevent transactions from being processed.

Keeping a credit card near a magnet can potentially demagnetize the magnetic stripe on the card, rendering it unreadable. This can make it difficult or impossible to use the card for transactions. It's best to store credit cards away from magnetic fields to avoid this issue.

CLEP credit refers to college credit awarded for successfully passing a College Level Examination Program (CLEP) test. These tests allow students to demonstrate proficiency in certain subjects and potentially earn college credit without taking the traditional course. Each college has its own policies on accepting CLEP credits.

Yes, Visa Electron debit cards are accepted in Tunisia at most locations that accept Visa cards for payment. However, it's always a good idea to inform your bank of your travel plans to ensure smooth transactions and avoid any issues while using your card abroad.

The magnetic strip on credit cards stores important card information like the card number and expiration date. When swiped at a card reader, this information is transmitted to complete a transaction securely.

Yes, you can still access your credit score while a dispute is under investigation. However, the disputed item may impact your credit score differently depending on the resolution of the investigation. It's important to stay on top of the dispute process and monitor any changes to your credit report and score.

Keeping a credit card near a magnet can demagnetize the magnetic strip, which stores essential information used for transactions. This could lead to the card being unreadable and unusable in card readers.

Equated credits are a way to compare educational credit hours from one institution to another. It ensures that credits earned from different institutions are recognized and transferable, allowing students to progress in their education without repeating coursework. This process helps streamline credit transfer and facilitates academic mobility.

A magnet in a credit card is used to store information. The magnet encodes data in a series of magnetic stripes which are then read by card readers. This information typically includes the card number, expiration date, and cardholder's name.

Credit cards are typically made of plastic, specifically PVC (polyvinyl chloride) or a similar type of plastic material. Some credit cards may also contain additional materials like metal for special designs or features. The plastic used is durable, flexible, and can withstand everyday wear and tear.

The magnetic strip on credit cards stores encrypted information such as account number and cardholder's name, making it easier for card readers to access this data for transactions. This technology was widely used before the adoption of more secure chip cards.

Magnets can disrupt the magnetic strip on credit cards, which contains important information for transactions. When a credit card is exposed to a strong magnetic field, it can potentially erase or damage the data stored on the magnetic strip, rendering the card unreadable by card readers. It's best to keep credit cards away from magnets to avoid this issue.

It depends on the cruise line and their specific policies. Some cruise lines may accept travel money cards as a form of payment onboard, but it's best to check with the cruise line directly to confirm their accepted payment methods.

The cost of nickel can vary, but as of October 2021, it is approximately $0.02 to $0.03 per gram. Prices can fluctuate based on market conditions, demand, and supply.

Once an error is corrected on your credit report, it may take about 30-45 days for the credit reporting agencies to update the information. As a result, your credit score could improve within that timeframe. Keep monitoring your credit report to ensure the error has been resolved properly.

Yes, a person with a mental health disorder can be held responsible for credit card debt unless they are declared legally incompetent by a court. However, their mental health condition can be taken into consideration in determining their ability to manage their finances. It's important to seek legal advice in such cases.

An exception to the full faith and credit clause is the public policy exception. This exception allows a state to refuse to recognize a law or judgment from another state if doing so would violate the public policy of the state being asked to enforce the law or judgment.

To file a motion for restoration of credit for time served, you would typically need to draft a formal motion outlining the details of the time served and reasons for requesting restoration of credit. This motion would then need to be filed with the court that handled the original sentencing, and a copy should be served to the prosecuting attorney. It is advisable to seek guidance from a lawyer to ensure that the motion is filed correctly and to increase the chances of a successful outcome.

Yes, it is illegal to copy a bank debit card without authorization. Unauthorized duplication of a debit card can lead to identity theft, fraud, and financial losses for the cardholder. It is important to protect personal information and only use debit cards in a legal and responsible manner.

Yes, a collection agency can still legally pursue action to collect on a debt that is more than four years old, depending on the statute of limitations in your state. It's important to know your rights and seek legal advice if you receive any legal notices regarding the debt.

In Texas, civil judgments can appear on your credit report for up to seven years. However, if the judgment remains unpaid, it can continue to negatively impact your credit report until it is resolved. It is important to address any civil judgments promptly to avoid long-term credit consequences.

Yes, stealing a credit card is illegal and considered a form of theft. If caught, the perpetrator could face criminal charges and legal consequences. It is important to always respect the law and the property of others.