From this year onwards, for instance, Mastercard will not require banks to put a magnetic stripe on debit and credit cards.

[David Cranor] has found a way to fool a magnetic stripe reader using a hand-wound electromagnet and an iPod. The data on a card is read and stored on a computer, then encoded as a WAV file using ...

State Bank of India has announced that it will recall all the old magnetic stripe debit cards and the customers can’t use them for transactions beyond December 31, 2019.

Skimming scams have continued to be on the rise, according to data analytics firm FICO, which noted a 96% increase in such scams in 2023. According to the FBI, skimming scams cost consumers upwards of ...

Credit card skimmers are devices that steal credit (or debit) card information by reading the magnetic strips found on these ...

A 1970s programmable calculator from Sharp approached the problem with magnetic strips on special cards, and since [Menadue] has one with no cards, he set about making his own. These cards are a ...

From this year onwards, for instance, Mastercard will not require banks to put a magnetic stripe on debit and credit cards. For ticketing, new technologies including printable barcodes and ...