NEW YORK (AP) – 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 ...

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.

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 ...

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 ...

Credit card payment methods have evolved dramatically over the years, from manual credit card imprinters to magnetic strip cards to cards with a computer chip that are inserted in a reader device. Get ...

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. An early 1960s innovation largely credited to IBM, the ...

Is the dark, broad magnetic strip on the back of the credit cards that you–or your customers–swipe during purchases going the way of the eight-track tape player and dial-up modem? That appears to be ...

Credit and debit cards in the U.S. now have EMV -- Europay, Mastercard and Visa -- chip technology, the global standard for card payments that significantly reduces fraud. Most card users are familiar ...

We’re now all used to near-limitless storage on flash and other semiconductor technologies, but there was a time when persistent storage was considerably less easy to achieve. A 1970s programmable ...

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 ...

NEW YORK (AP) -- 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 ...

NEW YORK — The battle against credit card fraud is inching forward. As of Thursday, the liability for fraud committed using traditional MasterCard and Visa magnetic-stripe credit and debit cards will ...