Sentences with phrase «standard magnetic stripe card»

Not exact matches

An EMV or chip card is a standard card that contains an embedded microchip as well as a traditional magnetic stripe.

A chip card is a standard - size plastic credit or charge card with both an embedded chip and a traditional magnetic stripe.

While traditional credit cards work by storing user information on a magnetic stripe, RFID (which comes standard on most new cards) stores information about the card and its owner in a small microchip.

In Europe and around the world these cards are the payment standard so if you only have a magnetic stripe card you run the risk of not being able to use it at some locations.

The system, created by a company named Dynamics Inc., allows an LG phone to read and save any standard card with a magnetic stripe, and then send that information to the majority of payment terminals used by shops around the world.