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

While such disruption remains relatively rare, Mr Minter says that the magnetic stripe is declining in popularity either way.

From BBC

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

The Apple Card doesn’t have any numbers, a CVV, or an expiration date printed on the card, but it does have a magnetic stripe and a chip.

From The Verge