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Origin of magnetic stripe
First recorded in 1950–55
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019
British Dictionary definitions for magnetic stripe
(across the back of various types of cheque card, credit card, etc) a dark stripe of magnetic material consisting of several tracks onto which information may be coded and which may be read or written to electronically
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012