Magnetic Strips are thin strips of magnetic tape
found at the back of most credit or debit cards or on key cards of some
hotels.
When the card is used data is
read and processed and information is displayed on the screen for example “You
are most Welcome Edith Khainza”.
Almost everyone is using these
cards each and everyday, if you have a bank card just check for the black
strip, but don’t scratch it.
The magnetic strips are used to withdraw money from cash dispenser machines popularly known as the ATM.
The magnetic strips are used to withdraw money from cash dispenser machines popularly known as the ATM.
Most magnetic strips are
read-only, and are used merely to identify the cardholder. However, some applications both read from and
write to the magnetic strip.
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