Thursday, June 16, 2011

Magnetic Stripe: One of IBM's "Top 100 Contributions to Society" About to Fall

The rise and fall of the credit card magnetic stripe


Four decades after its creation, the credit card magnetic stripe has revolutionized the way we make purchases and share personal information. New technology, however, is threatening to send the magnetic stripe the way of the VHS player.Before the familiar stripe vanishes for good, though, it's worth reflecting on the technology that IBM proudly named one of its top 100 contributions to society.

Read more: http://www.creditcards.com/credit-card-news/history-credit-card-magnetic-stripe-1273.php#ixzz1PPiqiadO
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