Looks like magnetic strip card but contains a small chip.
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Answer:
It is EMV Chip Card.
It looks like magnetic strip card but contains a small chip.
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1
Answer:
Magnetic stripe cards are just classic credit cards (also known as magstripe or swipe cards), the ones we’re all familiar with. The actual stripe is on the backside of the card, and it uses modified iron-based magnetic particles to communicate data between the strip and the receiving credit card terminal.
Magnetic stripe cards simply serve as static storage devices to be read by the terminal. The terminal then performs a card swipe, PIN encryption, and signature capture function.
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