magnetic stripe

American  

noun

1. magnetic strip.

2. Movies. stripe.

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magnetic stripe British  

noun

1. (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

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Etymology

Origin of magnetic stripe

First recorded in 1950–55

Example Sentences

One downside to that, he suggests, is that magnetic stripe failures and fraud are currently well understood.

From BBC

“Each person’s key is their photo ID, which must contain a magnetic stripe.”

From Literature

Banks would issue the cards, not Visa, and they were mandated to add the magnetic stripe to their cards.

From New York Times

Those numbers were then encoded onto magnetic stripe cards and used to fraudulently withdraw funds from ATMs.

From Washington Times

Another incident that also involved a RAM scraper seemed to specifically target data from transactions at a gas station’s fuel pumps, where customers swiped their cards’ magnetic stripe, Visa said.

From Los Angeles Times