The magnetic stripe card
has limited storage capacity for data.
The terminals feature chip-based magnetic stripe card
readers with EMV, integral thermal printers for receipts and attention-getting graphics delivered via a 15.1-inch display.
ACS will also exhibit its ACR31, an audio jack smart card reader that works in conjunction with any mobile device to read bank magnetic stripe cards
. An iOS app which showcases the functionalities of the ACR31 by reading bank magnetic stripe card
information is already available for download in the Apple App Store
Since magnetic stripe card
technology was originally developed for the bank, card industry, it is not surprising that a single magnetic stripe card
is used for multiple applications.
Comparing a smart card to a magnetic stripe card
would be the same as comparing a PC to a floppy disk.
Magnetic stripe card
technology has many advantages, including low cost and multiuse capabilities.
Types of technology include the smart card, which provides the greatest security, the proximity or tuned circuit and electrostatic card, the Wiegand card, the barium ferrite card, the magnetic stripe card
, the bar code or optical card, and the Hollerith or hole punch card.
CardEase Mobile turns a BlackBerry or Android smartphone or tablet, in conjunction with a Bluetooth PIN pad, into a secure mobile credit card terminal which processes both Chip and PIN and magnetic stripe card
"It was interesting to note that the information security experts surveyed saw an intrinsic flaw in the magnetic stripe card
, and, further, were knowledgeable enough regarding smart card architecture to suggest that the card industry needs to move to an EMV-type framework in the United States," Holland said.