Chip Card Vs Magnetic Stripe Card
Every ec-card is equipped with a magnetic stripe. This magnetic stripe is read-only and thus only contains static information. In addition, since the year 2000, more and more banks have started to add the EMV chip to newly issued cards. By 2008, 70% of the cards issued had that chip. The new chip is capable of processing data like a small computer and can respond to requests without the entire contents being read. In contrast to magnetic stripes, the chips cannot be copied easily. To maintain downward compatibility, especially with the Maestro card, which is most often integrated, the cards are still equipped with magnetic stripes. However, usually the chip as the more secure option is chosen wherever both means of communication are technically possible.
The magnetic stripe on a card has three paths. Until 30/9/2009, path 3 of the magnetic stripe was read for payments in Germany. Since then, the internationally customary path 2 is being read.
Read more about this topic: Electronic Cash
Famous quotes containing the words chip, card, magnetic and/or stripe:
“Look Johnny, Spig just joined the Navy. I’m married to it. I run the mess hall. I swab the deck. I chip the rust. You’re afraid that they’ll kick Spig out of the Navy. I’m afraid that they won’t.”
—Frank Fenton, William Wister Haines, co-scenarist, and John Ford. Minne Wead (Maureen O’Hara)
“The Card Catalogue: “See also” leads into the wilderness.”
—Mason Cooley (b. 1927)
“We are in great haste to construct a magnetic telegraph from Maine to Texas; but Maine and Texas, it may be, have nothing important to communicate.”
—Henry David Thoreau (1817–1862)
“And if any mischief follow, then thou shalt give life for life, eye for eye, tooth for tooth, hand for hand, foot for foot, burning for burning, wound for wound, stripe for stripe.”
—Bible: Hebrew Exodus 21:23.