Storing information through magnetic patterns was first demonstrated to record audio. Since then, this concept has been applied for different products like floppy disks, audio/video tapes, hard disks, ...

Electronic payment technology provider MagTek, addressing the need for contactless support, has released its newest hybrid mag stripe/contactless/smart card reader designed for kiosks, vending ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Toby Walters is a financial writer, investor, and lifelong learner. He has a passion for ...

Mobile payments company Square is known for its signature glossy white credit card readers that plug into iPhones, iPads and Android devices. Credit cards in the U.S. will have embedded computer chips ...

Chip Cards vs. Magnetic Stripes: Is One More Likely to Fall for Scams? Think back to the last time you paid for something at a store. Did you swipe your card, or did you dip it into the terminal? The ...

Thursday marks an important milestone for the shift to new, smarter credit and debit cards designed to better protect against fraud and bring American card users in line with much of the ...

YOU would think that a credit card with its own computer chip embedded in the plastic would be superior to one without a chip. Think again. Cards containing chips, called smart cards, simply cannot ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Eric's career includes extensive work in both public and corporate accounting with ...

Chip cards are less vulnerable to skimming than magnetic stripe cards, but they aren’t completely safe. Crooks can still capture your card information from a chip card using a technique called ...