A magnetic stripe card carries a band of iron-based magnetic material bonded to a plastic card, on which data is encoded and later read by swiping the card through a reader that senses changes in the stripe's magnetic field. IBM engineer Forrest Parry developed the technique of permanently laminating a magnetic stripe onto a plastic card in 1960 while building a security-badge system for a United States government client, reportedly fusing the stripe to the card with his wife's clothes iron after adhesive alone failed. The technology was adopted widely over the following decades for credit and debit cards, transit tickets and hotel keycards, before contactless and chip-based cards began to replace it.
Facts
SignificanceBecame the standard carrier for credit, debit, gift, stored-value, hotel key and identification cards until newer chip and contactless technologies began to replace it. 1 Sources
1. Forrest Parry, Wikipedia
Career, first sentence
In 1960, while at IBM, Parry invented the magnetic stripe card for use by the U.S. Government.
Career, sentence on uses of magnetic stripes
Magnetic stripes are used on credit cards, debit cards, gift cards, stored-value cards, hotel keycards, and security identification badges, though they are being phased out in favor of other means of digital identification, such as QR codes and NFC chips and apps.
View the SourceWikipedia, Automatic Identification and Data Capture (source)
In Group: Automatic Identification and Data Capture, Lead states AIDC includes magnetic stripes among its technologiesView the Source Reader Challenges (0)
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