Magnetic card

A magnetic card is a card containing either a magnetic strip or a magnetic object in the card, encoded with digital data. A magnetic card may contain information about an individual, such as available credit on a credit card or pass codes for entering secure buildings. It's usually the size of a business card. The picture shows a magnetic card being swiped through a magnetic card reader or magnetic strip reader.

When was the first credit card released?

Brooklyn New York's National Bank became the first bank to issue a credit card in 1946.

What is a credit card CVV or CVC?

A credit or debit card CVV (Card Verification Value) or CVC (Card Verification Code) is a unique 3 digit number found on the back of Visa, MasterCard, and Discover credit cards. On an American Express cards it's a 4 digit numeric code and may be on the front of the card. These unique numbers are used by online merchants to help verify you have the credit card on hand and help prevent credit card fraud.

Business terms, Card, Credit card fraud, Hardware terms, Magnetic, Magnetic card reader, Media, Retail, Smart card, Storage device, TLA