First, we said goodbye to the floppy disk drive. Then, the Sony Walkman was unceremoniously buried. Now, it's time to prepare a eulogy to a gadget that's been an even bigger part of the American ...

Mastercard plans to phase out magnetic strips on credit and debit cards by 2033 due to the rise of other payment technologies, something that could change the appearance of the physical Apple Card.

(CNN) — Mastercard is getting rid of magnetic stripes on its credit and debit cards over the next 10 years, part of a broader push from the company to use “more capable and secure” alternatives to the ...

Today is the day — the beginning of the end for the venerable (but woefully open to abuse) magnetic stripe, a technology pioneered in the 1960s. Enter the more secure age of the chip, or "EMV" cards.

Maybe you’ve noticed a shiny new feature on your credit card. That little microchip has a big job. Credit and debit cards with chips in them are better at protecting your private information than ...

A small length of magnetic tape adhered to credit cards, badges, permits, passes and tokens. The tape is read by magnetic stripe readers incorporated into ATMs, identification readers and payment ...

Thieves are still able to steal information from cards' magnetic strips. — -- When it comes to stealing credit card information, it's unfortunately as easy as swiping your card in any skimming ...

Jason Fernando is a professional investor and writer who enjoys tackling and communicating complex business and financial problems. Toby Walters is a financial writer, investor, and lifelong learner.