* Chip card abuse: Introduction of chip card technology has undoubtedly helped to alleviate security issues associated with
magnetic stripe bank cards.
Cards that work on
magnetic stripe technology such as credit and debit cards are very easy to use.
Magnetic stripe cards might be easy and convenient, but the glaring security issues raise huge concerns (Chase, 2014).
Ideal for anyone that processes and accepts
magnetic stripe cards, the B2 Magstripe Card Simulator allows users to store XML images of all their test cards in one convenient place via the B2 software application.
Chip cards still have a
magnetic stripe on them, so if a criminal can get a card reader to accept a payment without using the chip, those transactions are vulnerable.
The migration from
magnetic stripe cards to EMV personalised cards by OMA Emirates allows us to adhere to strict EMV card specifications and standards and gives us the flexibility to scale up depending on market demands and our card business.
(ACS, a wholly owned subsidiary of Advanced Card Systems Holdings Ltd., SEHK: 8210), Asia Pacific's top supplier and one of the world's top 3 suppliers of PC-linked smart card readers (Source: Frost & Sullivan), today launched two new mobile card readers with audio-jack interface: the ACR32 MobileMate, a
magnetic stripe and contact smart card reader, and the ACR35 NFC MobileMate, a
magnetic stripe card and NFC tag reader.
Many issuers globally have outsourced EMV smart card issuance due to its complexity compared to
magnetic stripe card issuance, thereby relying on others to keep secure cardholder data and associated keys.
Using cryptographic techniques, card issuers write verification codes into the
magnetic stripe of each card they manufacture.
The device includes the Electronic Stripe, a card-programmable
magnetic stripe that can be read at any existing point-of-sale (POS)
magnetic stripe reader.
Also known as EMV chip-based payment cards, the cards contain an embedded microchip in addition to the
magnetic stripe which offers cardholders additional security features.