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A magnetic stripe card is a type of card capable of storing data by modifying the magnetism of tiny iron-based magnetic particles on a band of magnetic material on the card. The magnetic stripe, sometimes called swipe card or magstripeis read by swiping past a magnetic reading head. Magnetic stripe cards are commonly used in credit cardsidentity cardsand transportation tickets.
Learn More. Dec 10, PM. You have at least two magnetic stripes in your pocket or purse right now, but do you know how they actually work?
Both barcodes and magnetic stripes are inexpensive ways to store cardholder data. The difference is in where the data is stored and how the data is read or translated. All card printers with resin monochrome printing capability can print a barcode, no printer upgrades are needed.
Sales Tech Support. Custom Tracks - able to add alphanumeric characters on all Tracks. Database for saving, retrieving and sharing data with portable readers.
The stripe is made up of tiny magnetic particles embedded in a resin. During the encoding process, these particles are magnetized in a direction which is oriented either towards the North or the South pole. Each character on the stripe is encoded with sets of 1s and 0s.
A magnetic stripe reader, also called a mag stripe reader, is a piece of hardware that can read the information encoded in a magnetic stripe on the back of a credit card. A mag stripe reader is a piece of hardware that enters credit card information into a piece of software. A payment processor is an organization that receives information about a payment transaction and performs the payment, transferring funds from the payer to the payee.