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 announced that all of its debit and credit cards will lose the iconic magnetic stripe starting in 2024. Various advancements in payment technology have made the magnetic stripe unnecessary.

Eventually, one day, your fancy physical titanium Apple Card will no longer have a magnetic stripe. If you’re familiar with the headache of putting it through the wrong way the first time since the ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Toby Walters is a financial writer, investor, and lifelong learner. He has a passion for ...

Mastercard has announced it will be phasing out the magnetic stripe on its payment cards in "most markets" from 2024 as reliance on chip-based and contactless payments continues to grow. The company ...

Chip Cards vs. Magnetic Stripes: Is One More Likely to Fall for Scams? Think back to the last time you paid for something at a store. Did you swipe your card, or did you dip it into the terminal? The ...

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 ...

Mastercard last week announced that its cards will no longer be issued with the magnetic stripe by 2029, which will presumably include Apple Card. The magnetic stripe was an early 1960s technology ...

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 ...

For decades, the magnetic stripe has been ubiquitous on everything from credit cards to tickets to ID badges. But the BBC reports — unsurprisingly — that the mag stripe’s days are numbered. Between ...