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Mastercard to end magnetic strip on cards

Taurus22
Valued Contributor

Mastercard to end magnetic strip on cards

Interesting article.....seems to make sense with the arrival of contactless card technology.

 

https://www.bbc.com/news/technology-58206591

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Horseshoez
Valued Contributor

Re: Mastercard to end magnetic strip on cards


@Taurus22 wrote:

Interesting article.....seems to make sense with the arrival of contactless card technology.

 

https://www.bbc.com/news/technology-58206591


Hmmm, that is a bit concerning.  Why?  I live in a semi-rural area and there are LOTS of places where I currently shop which do not (yet) have contactless scanners.  I'm thinking my favorite Indian and Thai restaurants for starters.  Smiley Sad

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Message 2 of 23
Taurus22
Valued Contributor

Re: Mastercard to end magnetic strip on cards


@Horseshoez wrote:

@Taurus22 wrote:

Interesting article.....seems to make sense with the arrival of contactless card technology.

 

https://www.bbc.com/news/technology-58206591


Hmmm, that is a bit concerning.  Why?  I live in a semi-rural area and there are LOTS of places where I currently shop which do not (yet) have contactless scanners.  I'm thinking my favorite Indian and Thai restaurants for starters.  Smiley Sad


Well there is still chip technology, I was just noting how contactless has been taking off since CV19 hit. I would think the chip itself makes the strip obsolete already. But I would be willing to bet there is going to be a larger push for contactless over the next 10 years.

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Dinosaur
Moderator Emeritus

Re: Mastercard to end magnetic strip on cards


@Taurus22 wrote:

Interesting article.....seems to make sense with the arrival of contactless card technology.

 

https://www.bbc.com/news/technology-58206591


"Heard your mother calling"!

 

GADS ... in the out back some merchants just upgraded from "knuckle busters" ...


Anymore good news!

 

My hardware store just upgraded from the slot to chip and pin!

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Message 4 of 23
Taurus22
Valued Contributor

Re: Mastercard to end magnetic strip on cards

Lol!  Smiley Very Happy  Smiley LOL

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Taurus22
Valued Contributor

Re: Mastercard to end magnetic strip on cards

@Dinosaur   I remember when I was a kid, a couple of places still used the old credit card readers that imprinted the embossed credit card numbers on a carbon ink plate. We've come a long way!

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Horseshoez
Valued Contributor

Re: Mastercard to end magnetic strip on cards


@Taurus22 wrote:

@Horseshoez wrote:

@Taurus22 wrote:

Interesting article.....seems to make sense with the arrival of contactless card technology.

 

https://www.bbc.com/news/technology-58206591


Hmmm, that is a bit concerning.  Why?  I live in a semi-rural area and there are LOTS of places where I currently shop which do not (yet) have contactless scanners.  I'm thinking my favorite Indian and Thai restaurants for starters.  Smiley Sad


Well there is still chip technology, I was just noting how contactless has been taking off since CV19 hit. I would think the chip itself makes the strip obsolete already. But I would be willing to bet there is going to be a larger push for contactless over the next 10 years.


Yeah, we have a number of vendors around here, the two restaurants I mentioned as examples, where swiping the mag-strip is still the only way to use a card to pay for a meal.  Fortunately for me at least, my card which gives the best rewards for dining is a Siguature Visa with a strip.  Smiley Happy

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Message 7 of 23
calyx
Super Contributor

Re: Mastercard to end magnetic strip on cards


@Taurus22 wrote:

@Dinosaur   I remember when I was a kid, a couple of places still used the old credit card readers that imprinted the embossed credit card numbers on a carbon ink plate. We've come a long way!


As someone who actually USED the knucklebusters at work back in the day... thanks for making me feel old Smiley LOL

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Message 8 of 23
Horseshoez
Valued Contributor

Re: Mastercard to end magnetic strip on cards


@calyx wrote:

@Taurus22 wrote:

@Dinosaur   I remember when I was a kid, a couple of places still used the old credit card readers that imprinted the embossed credit card numbers on a carbon ink plate. We've come a long way!


As someone who actually USED the knucklebusters at work back in the day... thanks for making me feel old Smiley LOL


LOL, you and me both my friend.  Smiley Tongue

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Message 9 of 23
unsungivy
Regular Contributor

Re: Mastercard to end magnetic strip on cards

Lowe's and Home Depot here don't have contactless pay yet. Maybe this will push them along.

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