Major Differences Between CardLogix Smart Cards and Magnetic Stripe Cards | CardLogix CorporationA 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 magstripe , is read by swiping past a magnetic reading head. Magnetic stripe cards are commonly used in credit cards , identity cards , and transportation tickets. Magnetic recording on steel tape and wire was invented in Denmark around for recording audio. In , IBM used the magnetic tape idea to develop a reliable way of securing magnetic stripes to plastic cards,  under a contract with the US government for a security system.
Magnetic stripe card Vs EMV card
Difference Between Magnetic Stripe Card and Smart Card
Please download one of these up-to-date, free browsers and you will be amazed how much fast and better the internet will be. Security, chips, EMV. These are the words you hear tossed around when it comes to payment. Sometimes, instead of helping to solve the question of how merchants can keep customers safe from fraud, these words can prompt more questions and homework. What is the most economical system? Do I really need to be EMV compliant? What is the best way to keep my c-store skimming-proof?
You probably know that chip cards offer much better fraud protection and help prevent chargebacks than the now antiquated magnetic stripe cards, but what are the specific differences between the two? And how does that affect the decisions your business should make? These are important questions to have answers to when designing your payment processing solutions model, and knowing the differences will help you make better business decisions. The actual stripe is on the backside of the card, and it uses modified iron-based magnetic particles to communicate data between the strip and the receiving credit card terminal. Magnetic stripe cards simply serve as static storage devices to be read by the terminal.
Which is better, the smartcard or a magnetic stripe card? The smartcard vs magnetic stripe card battle is one which will probably be waged in South Africa for a few years to come. Internationally, however, the smartcard is gaining ground as service providers realise its advantages.
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Smart cards, called so because they contain a chip, have long been touted as a safer alternative to the old-fashioned magnetic stripe-bearing bank cards. It is a rather interesting topic, with potentially far-reaching implications, considering the break-neck speed at which the payment card industry has been evolving over the past couple of years.