Definition
A magnetic stripe is a band of magnetic material on a card, like a credit card or ID, that stores data.π³ It's read by swiping the card through a magnetic stripe reader. The data is encoded magnetically and can include information like account numbers and names. Think of it as a simple, reusable storage strip. Magnetic stripes are gradually being replaced by more secure technologies like chip cards and contactless payment systems. Itβs the tech your parents still use (sometimes)!