magnetic stripe

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magnetic stripe

A cashier swipes a credit card's magnetic stripe through a payment terminal.

Definition

Noun: A magnetic stripe is a thin band of magnetic material, typically brown or black, attached to the back of a plastic card. It stores digital data by encoding it in the magnetic orientation of particles within the stripe. This data is read when the card is swiped through a specialized reading device.

Usage

The term magnetic stripe is used to refer to the physical data storage component on cards used for financial transactions, identification, or access control. - Primary Context: Banking and payment cards (credit/debit cards). - Secondary Contexts: Identification cards, hotel key cards, transit cards, and some driver's licenses.

Examples
  • Noun:
    • The cashier swiped the card's magnetic stripe through the terminal to process the payment.
    • Older credit cards relied on the magnetic stripe, while newer ones often use an embedded chip.
    • If the magnetic stripe gets scratched or demagnetized, the card may not work.
Advanced Usage
  • "to have a magnetic stripe": Describes a card that is equipped with this technology.
    • Most employee ID badges have a magnetic stripe for building access.
  • "magnetic stripe data": Refers specifically to the information encoded on the stripe.
    • The new security standard encrypts the magnetic stripe data to prevent theft.
Variants and Related Words
  • Magstripe (n): A common informal abbreviation for "magnetic stripe."
    • The magstripe on my card is wearing out.
  • Magnetic Stripe Card (n): The complete card that features a magnetic stripe.
    • A magnetic stripe card is less secure than a chip card.
Synonyms
  • Magnetic strip: A less common but acceptable synonym.
  • Swipe strip: An informal term focusing on its function.
Related Phrases
  • To swipe a card: The action of passing a card's magnetic stripe through a reader.
    • Please swipe your card to enter the secure area.
  • Magnetic stripe reader (n): The device that reads the data from the stripe.
    • The point-of-sale system includes a magnetic stripe reader.
magnetic stripe

A cashier swipes a credit card's magnetic stripe through a payment terminal.

Noun
  1. a short strip of magnetic tape attached to a credit card or debit card; it contains data that will tell a reading device who you are and what your account number is, etc.