Question

Bank ATM cards contain information in magnetic materials

Answer 1

no because bank ATM card is used In only ATM as per money

Answer 2

A magnetic stripe card is a type of card capable of storing data by modifying the magnetism of tiny iron-based magnetic particles on a band of magnetic material on the card. The magnetic stripe, sometimes called swipe card or magstripe, is read by swiping past a magnetic reading head. Magnetic stripe cards are commonly used in credit cards, identity cards, and transportation tickets. They may also contain an RFID tag, a transponder device and/or a microchipmostly used for business premises access control or electronic payment.