![]() A number of International Company for Standardization requirements, ISO/IEC 7810, ISO/IEC 7811, ISO/IEC 7812, ISO/IEC 7813, ISO 8583, and ISO/IEC 4909, now define the physical homes of the card, consisting of size, flexibility, place of the magstripe, magnetic attributes, and information formats. In 1960 IBM used the magnetic tape concept to develop a reliable method of protecting magnetic stripes to plastic cards, under an agreement with the US federal government for a security system. In the 1950s, magnetic recording of digital computer system data on plastic tape coated with iron oxide was invented. Magnetic recording on steel tape and wire was developed in Denmark around 1900 for recording audio. They might also contain an RFID tag, a transponder gadget and/or a microchip mainly utilized for business premises gain access to control or electronic payment. Magnetic stripe cards are commonly used in credit cards, identity cards, and transportation tickets. The magnetic stripe, sometimes called swipe card or magstripe, reads by swiping past a magnetic reading head. A magnetic stripe card is a type of card capable of saving data by customizing the magnetism of tiny iron-based magnetic particles on a band of magnetic product on the card.
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