Beginning July 1, 2025, Vietnam’s banking sector will implement three critical changes: mandatory biometric identification ...

MasterCard will stop the practice of using the magnetic strip. Starting next decade, none of the credit and debit cards that carry the MasterCard name will have a strap, while many European countries ...

Sacombank also announced it will stop magnetic cards as the strips store cardholder information, which are easily copied and attacked through skimming devices. Therefore, such kind of card is unsafe ...

For decades, the magnetic stripe has been ubiquitous on everything from credit cards to tickets to ID badges. But the BBC reports — unsurprisingly — that the mag stripe’s days are… ...

Is the dark, broad magnetic strip on the back of the credit cards that you–or your customers–swipe during purchases going the way of the eight-track tape player and dial-up modem?

Do magnets damage your credit cards, potentially causing payment issues? Here's what to know about about magnetic risks and how new EMV chip technology protects against demagnetization.

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 ...

A magnetic stripe card is a security device with data embedded in it that identifies the user. ... employee ID cards, hotel room "keys," gift cards, and public transit cards.

Sat, March 13, 2021 Published on Mar. 10, 2021 Published on 2021-03-10T17:37:25+07:00 ndonesia’s big four banks are increasing their efforts to phase out magnetic strip debit cards and replace ...