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
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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
References in periodicals archive ?
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.
Guillermo Eleazar, QCPD director, said the suspect may have used a skimming device to capture information from the ATM card's magnetic strip.
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.
Unlike credit cards using a magnetic strip to store payment processing information that does not change, chip-enabled cards are difficult to counterfeit.
Smart cards will look relatively the same as your current debit or credit card and will have a chip embedded in the front of them, they will also still have the magnetic strip on the back.
Even after the transition to chip cards, Walgreens stores will continue to accept older magnetic strip swipe cards as well as chip-and-pin and chip-and-signature cards.
Kurz and American Bank Note Holographies (ABNH) independently applied for patents in 1984 and 1985 respectively for systems combining holographic materials with the magnetic strip used on ID and credit cards; subsequently the two made a cross-licensing agreement to cover the credit card industry, and Control Module was brought in to work on the hardware and software for encryption and readers.
Standard styles include side-entry flexible with a magnetic strip, semi-rigid with a magnetic strip, and 2" x 6" with a full magnetic back and others.
For example, an attack against an e-commerce website may yield a credit card number and the card's expiration date — information that can only be used in so-called card-not-present fraud, such as buying goods on a website that never sees the physical card or its magnetic strip.
Nearly 40% of people there fell victim to card fraud at least once last year - mainly by having their card's magnetic strip cloned.
One in five victims of card fraud said they had the magnetic strip on their card cloned at an ATM.
ATM network Link said criminals attached a skimming device to the card entry slot on the machine, enabling them to copy all of the information held on a card's magnetic strip.