NEW YORK--(BUSINESS WIRE)--SmartMetric, Inc. (OTCQB: SMME): Mastercard has announced that by 2024 card issuers will no longer be required to use magnetic stripes on their credit and debit cards ...

No new Mastercard credit or debit card will feature a magnetic stripe by 2029. The only exception concerns prepaid cards in the US and Canada. Magnetic stripes will disappear from Mastercard cards ...

The bad guys stole debit card information online, and then pasted that info onto magnetic stripe debit cards. The kind you and I use. Easy peasy, says fraud analyst Julie Conroy at the Aite Group.

Depending on where criminals are working and the type of skimmer used, both the magnetic strip of a credit or debit card and the PIN can be recorded. Whether it’s with a secret camera placed on top of ...

Mastercard will start phasing out magnetic strips on its debit and credit cards in 2024, and it expects the process to be complete by 2033, according to a release from the company on Aug. 12.

By 2029, no new Mastercard credit or debit cards will be issued with a magnetic stripe, except for prepaid cards in the US and Canada, and Mastercard expects that none of its credit or debit cards ...

Mastercard plans to phase out magnetic strips on credit and debit cards by 2033 due to the rise of other payment technologies, something that could change the appearance of the physical Apple Card.

An ingenious technology in its time, the magnetic stripe was invented in the 1960s by marrying tape-recorder-like magnetic tape to a credit card. Magnetic tape itself was a remarkable invention ...

Mastercard is getting rid of magnetic stripes on its credit and debit cards over the next 10 years, part of a broader push from the company to use "more capable and secure" alternatives to the old ...

By 2029, there will be no new Mastercard credit or debit cards issued with a magnetic stripe, but prepaid cards in the U.S. and Canada will be exempt from this change.

In the U.S., that transition won’t begin until 2027. By 2029, no new Mastercard credit or debit cards will be issued with a magnetic stripe.

Target credit hack relied on failings of magnetic strip The credit card magnetic strip remains prevalent in the U.S, when other countries have moved onto more secure credit and debit cards.