magnetic strips
Swipeable data bands
Magnetic strips are the dark bands on the back of credit cards, ID badges, and similar cards that store data readable by swiping through a machine.
The technology dates to the mid-20th century and is gradually being replaced by chip-based cards, though magnetic strips remain common: The ATM couldn't read my card's magnetic strip.
Also called magnetic stripes or magstripes.
- swipeQuick sliding motion
- card readersDevices decoding encoded strips
- point of saleTransaction completion location
- credit cardsBorrowed-money payment tools
- debit cardsDirect-withdrawal payment method
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magnetic stripscontactless payment
Purchase via near-field technology
RFID chips · tap-to-pay · biometric authentication · digital wallets · chip and PIN
magnetic stripsoptical storage
Data preserved via laser
solid-state memory · flash memory · RFID tags · barcodes · digital encoding
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