AOL

Do magnets affect credit cards?

When you swipe or insert your credit card into a card reader, the machine receives information like your account number and credit limit. If the magnetic strip on your card is damaged, the card reader ...
ConsumerAffairs

Mastercard is replacing the magnetic stripe on its cards

If you have a credit card issued by Mastercard, you will get a replacement card in the next few years. The company says it is removing the magnetic stripe on the back of cards containing payment ...
VentureBeat

DEMO: Dynamics to bring plastic credit cards into the 21st century

Dynamics is one of 70 companies chosen by VentureBeat to launch at the DEMO Fall 2010 event taking place this week in Silicon Valley. After our selection, the companies pay a fee to present. Our ...
SlashGear

Mastercard Is Ditching Magnetic Stripes: Here's What Happens To Your Card

For several years now, we've seen consumers and merchants move away from magnetic stripe payments with credit cards. As new payment methods – such as chip and PIN, NFC payments, and even biometric ...
Business Wire

SmartMetric Welcomes the Death of the Magnetic Stripe on Credit and Debit Cards as Chip Based Cards Combined With Biometrics Take Hold

NEW YORK--(BUSINESS WIRE)--SmartMetric, Inc. (OTCQB: SMME): Mastercard has announced that by 2024 card issuers will no longer be required to use magnetic stripes on their credit and debit cards.
AOL

Do magnets affect credit cards?

Prolonged exposure to magnets can affect the functionality of your credit card. Cards with magnetic strips can also become demagnetized due to dirt, scratches and other damage. EMV chip technology has ...