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Terms that begin with M

Magnetic Stripe

When a credit card company issues a credit card they put a stripe of magnetic information affixed to the back of a plastic credit or debit card.  This magnetic stripe contains customer and account information required to complete electronic financial transactions. The physical and magnetic characteristics of this stripe are specified in the International Organization for Standardization standards 7810, 7811, and 7813.

Previous Credit Card Term: LIBOR

Next Credit Card Term: Magnetic-Stripe Reader

* See the online credit card application for details about terms and conditions. Reasonable efforts are made to maintain accurate information. However all credit card information is presented without warranty. When you click on the "Apply Here" button, you can review the credit card terms and conditions on issuers website.