n. Magstripe = Magnetic Stripe
A magnetic stripe card is a type of card capable of storing data by modifying the magnetism of tiny iron-based magnetic particles on a band of magnetic material on the card. The magnetic stripe, sometimes called swipe card or magstripe, is read by swiping past a magnetic reading head. Magnetic stripe cards are commonly used in credit cards, identity cards, and transportation tickets.
The first prototype of MagStripe card created by IBM in the late 1960s.
by HeTtX March 21, 2017
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