MAGNETIC STRIPE Definition & Meaning

magnetic stripe

noun

magnetic strip.
Movies. stripe ¹( def 8 ).

magnetic stripe

noun

(across the back of various types of cheque card, credit card, etc) a dark stripe of magnetic material consisting of several tracks onto which information may be coded and which may be read or written to electronically

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�y��vlog History and Origins

Origin of magnetic stripe¹

First recorded in 1950–55

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Example Sentences

Examples have not been reviewed.

While such disruption remains relatively rare, Mr Minter says that the magnetic stripe is declining in popularity either way.

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“Each person’s key is their photo ID, which must contain a magnetic stripe.”

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Banks would issue the cards, not Visa, and they were mandated to add the magnetic stripe to their cards.

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Those numbers were then encoded onto magnetic stripe cards and used to fraudulently withdraw funds from ATMs.

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Another incident that also involved a RAM scraper seemed to specifically target data from transactions at a gas station’s fuel pumps, where customers swiped their cards’ magnetic stripe, Visa said.

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