Introduction to laser and magnetic strip technology
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Laser was a debit card scheme in Ireland. The Laser scheme was maintained and operated by Laser Card Services Ltd., a not for profit body owned by four leading financial institutions in Ireland and overseen since 2008 by the Oversight Unit of the Central Bank.
The scheme was launched in 1996, and in 2010, there were almost three million Laser cards in circulation.
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 microchip mostly used for business premises access control or electronic payment.
The scheme was launched in 1996, and in 2010, there were almost three million Laser cards in circulation.
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 microchip mostly used for business premises access control or electronic payment.
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