what is the difference between in magnetic card reader and smart card reader
Answers
Answer:
A magnetic stripe card reader reads information stored on the stripe. ... The magnetic stripe also known as Swipe Card or Magstripe. Smart Card. A smart card, which is similar in size to a credit card or ATM card, stores data on a thin microprocessor embedded in the card.
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Answer:
Smart cards contain a processor and have input, process, output, and storage capabilities. A magnetic stripe card is a credit card, entertainment card, bank card, or other similar card, with a stripe that contains information identifying you and the card.
Smart cards can provide personal identification, authentication, data storage, and application processing. ... Smart cards may provide strong security authentication for single sign-on (SSO) within organizations. Numerous nations have deployed smart cards throughout their populations.
A smart card reader is how you swipe, or rather “dip,” to purchase something with an EMV credit card (or chip card). It looks almost exactly like a traditional credit card terminal or swiper, but it's specifically designed to read chip cards. Credit card companies have seen the light
Card issuers have said chip-enabled cards provide much better protection against fraud than traditional magnetic strip credit cards. ... Unlike a magnetic stripe, which holds a static amount of data about the card and account, the chip is "smart" enough to produce a unique code each time it's used.