magnetic stripe

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magnetic stripe

n
(Electronics) (across the back of various types of cheque card, credit card, etc) a dark stripe of magnetic material consisting of several tracks onto which information may be coded and which may be read or written to electronically
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.magnetic stripe - a short strip of magnetic tape attached to a credit card or debit cardmagnetic stripe - a short strip of magnetic tape attached to a credit card or debit card; it contains data that will tell a reading device who you are and what your account number is, etc.
mag tape, magnetic tape, tape - memory device consisting of a long thin plastic strip coated with iron oxide; used to record audio or video signals or to store computer information; "he took along a dozen tapes to record the interview"
charge card, charge plate, credit card, plastic - a card (usually plastic) that assures a seller that the person using it has a satisfactory credit rating and that the issuer will see to it that the seller receives payment for the merchandise delivered; "do you take plastic?"
debit card - a card (usually plastic) that enables the holder to withdraw money or to have the cost of purchases charged directly to the holder's bank account
Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc.
References in periodicals archive ?
Take the other separator (they come in a two pack) and put a magnetic strip on the back.
When you slide your card into the ATM, you're unwittingly sliding it through the counterfeit reader, which scans and stores all the information on the magnetic strip.
KARACHI -- The Federal Investigation Agency (FIA) has arrested a man from Rawalpindi for fraud and recovered blank cards, a magnetic strip reader, a skimmer and other devices from his possession, FIA Director Shakeel Durrani said in a press conference on Friday.
ATM skimming- an illegal activity in which account details are stolen from the magnetic strip contained on the back of the debit card has been around for a while and such incidents have happened, sporadically, in Pakistan as well.
ATMskimming - an illegal activity in which account details are stolen from the magnetic strip contained on the back of the debit card has been around for a while and such incidents have happened, sporadically, in Pakistan as well.
They can, for the first time in Qatar, activate and deactivate their cards whenever they want, enable the use of the magnetic strip when they are travelling outside the country, and reset their cards' PINs.
Rather than today's plastic card with a magnetic strip and embedded microchip, the first machine accepted a slip of paper with a mildly radioactive substance - carbon-14 - printed on it in a particular pattern.
Information in chip- based cards is encrypted and information is not validated by bank servers unless the correct PIN is used, whereas info on a magnetic strip is easily accessible.
As EMV technology rolls out in the U.S., $4 billion in fraud is anticipated for 2016, as hackers rush to cash in on stolen credit card data from magnetic strip cards.
Samsung Pay uses Magnetic Secure Transmission (MST), which transmits a magnetic signal that imitates the magnetic strip on a traditional card.
Unlike credit cards using a magnetic strip to store payment processing information that does not change, chip-enabled cards are difficult to counterfeit.