Magnetic stripe card
Banda magnética en tarjetas
- Date
- 1960 · confidence high
- Place
- IBM, Los Gatos, California, United States
- Credited to
- Forrest Parry (IBM); standardised by ANSI/ISO in 1969-1971
- People
- 👤 Forrest Parry1921–2005
- Field
- Communication
What it is
A magnetic strip fixed to the back of a plastic card that stores machine-readable data. It made credit cards, cash machines and access controls automatable.
What it led to
- The cash machine and electronic payment at the point of sale
- Access, transport and loyalty cards
- Card-cloning fraud, which prompted the EMV chip