MAGNETIC STRIPE/SWIPE CARD

PRESENTED BY GROUP 1

AFSAR ALI - 82

RAVI KUMAR - 108

PAWAN MINZ - 85

POOJA SHREE - 86

SASHI KIRLOSKAR - 98

Content

WHAT IS MAGNETIC STRIPE / Swipe CARD

HOW DOES IT WORK

WHERE TO USE

TYPES OF CARDS

ADVANTAGES

DISADVANTAGES

CONCLUSSION

INTRODUCTION

A magnetic card is a rectangular plastic object (credit/debit card) that contains either a magnetic object embedded within the card or a magnetic stripe on .

Today, smart cards are used by millions of cardholders worldwide and are at work in more than 90 countries, primarily in Europe and the Far East, processing point-of-sale transactions, managing records, and protecting computers and secure facilities.

WHERE TO USE

In shopping mall

In jewellery shop

In petrol pump

Online purchasing

For security purpose

Banking transaction

And many more places etc.

Types of cards

OPTICAL CARD

MEMORY CARD

MICROPROCESSOR CARD

MICROPROCESSOR CARD

HOW TO USE

Few examples of using magnetic strip or swipe cars

In ATM MACHINE

SEVEN EASY STEPS TO WITHDRAW WITH YOUR DEBIT (ATM) CARD

Step : the machine will request if

First magnetic striped plastic credit and badge access cards

Advantages of magnetic card

ubiquity

convenience

security

prevent fraud

Disadvantages of magnetic card

Easily lost

not secure

easily damage

slow adoption

CONCLUSION

Smart Card Technology With Is Ability to verify identification and store and update information it also help to solve problems

beyond those of the financial services industry.