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magnetic stripe

magnetic stripe

noun

  1. (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 & Unabridged” 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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Word History and Origins

Origin of magnetic stripe1

First recorded in 1950–55
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Example Sentences

While such disruption remains relatively rare, Mr Minter says that the magnetic stripe is declining in popularity either way.

From BBC

“Each person’s key is their photo ID, which must contain a magnetic stripe.”

Banks would issue the cards, not Visa, and they were mandated to add the magnetic stripe to their cards.

Those numbers were then encoded onto magnetic stripe cards and used to fraudulently withdraw funds from ATMs.

Another incident that also involved a RAM scraper seemed to specifically target data from transactions at a gas station’s fuel pumps, where customers swiped their cards’ magnetic stripe, Visa said.

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