Prolonged exposure to magnets can affect the functionality of your credit card. Cards with magnetic strips can also become demagnetized due to dirt, scratches and other damage. EMV chip technology has ...

Mastercard is the first payments network to phase out the magnetic strip on credit cards. Once magnetic strip was innovative. Flatbed imprinting machines recorded the card information on carbon paper ...

NEW YORK – A big change is happening inside your wallet. U.S. banks, tired of spending billions each year to pay back fleeced consumers, are in the process of replacing tens of millions of old ...

A weekly summary of the top credit card stories that appeared in major publications across the country. Is a Store Credit Card Right for Your Wallet? For many consumers, a trip to the mall is fun, ...

I was recently gifted a charming, kitschy magnet, and as I tucked it into my wallet for safekeeping, I couldn't seem to remember: Do magnets spell doom for credit cards? Many of us have held onto ...

Four decades after its creation, the credit card magnetic stripe has revolutionized the way we make purchases and share personal information. New technology, however, is threatening to send the ...