Many of you may have noticed that your credit card has had a bit of a makeover recently. That’s because the United States is finally getting chip cards for increased credit card security. The smart ...

Mastercard is phasing out the magnetic strip that has been the vital element of all credit and debit cards since the 1960s. The financial services giant has said that the strip is on the verge of ...

Though the validity period of your debit, credit and pre-paid cards may not run out for few years, the magnetic strip cards issued by Europay, MasterCard and Visa may not work in the country from ...

The U.K., Canada and other countries have been using more secure chip credit cards for years now. Why hasn't the U.S. caught up? Criminals may have stolen information from 40 million credit and debit ...

Mastercard is the first payments network to phase out the magnetic strip on credit cards. Once magnetic strip was innovative. Flatbed imprinting machines recorded the card information on carbon paper ...

Prolonged exposure to magnets can affect the functionality of your credit card. Cards with magnetic strips can also become demagnetized due to dirt, scratches and other damage. EMV chip technology has ...

If you look at your credit or debit card closely, you will observe that it has a black magnetic strip on the back, or a chip in front, or both. Now that you’ve found it out on your card and are ...

MasterCard is finally pushing chip-and-PIN credit cards in the U.S. around a decade after the tech took off in Europe. It’s the end of the magnetic strip, and the last gasp for your plastic credit ...

The strips will be completely gone by 2033, but strip-less cards will be available in many regions, including Europe, from 2024. The company says that new cards using biometric data such as ...

I was recently gifted a charming, kitschy magnet, and as I tucked it into my wallet for safekeeping, I couldn't seem to remember: Do magnets spell doom for credit cards? Many of us have held onto ...

Criminals may have stolen information from 40 million credit and debit cards used at Target. A possible weakness? The magnetic stripe on credit cards — which fraudsters can pull credit card numbers ...