Mastercard announced that all of its debit and credit cards will lose the iconic magnetic stripe starting in 2024. Various advancements in payment technology have made the magnetic stripe unnecessary.

Tom Martin talked with Steve Kelly, executive vice president, marketing and sales at Lexington-based Central Bank to find out how one bank has transitioned to EMV or “chip” credit and debit cards. EMV ...

Like paper maps and clamshell phones, the familiar magnetic stripes on the back of credit cards have begun their slide into obsolescence. The only question is: how soon will they disappear? After ...

If you have a credit card issued by Mastercard, you will get a replacement card in the next few years. The company says it is removing the magnetic stripe on the back of cards containing payment ...

Now that we’ve adopted chip cards in the U.S., magnetic stripe cards are becoming a thing of the past. But does that do away with your risk for credit card skimming? Unfortunately, no — while chip-and ...

Today is the deadline for US retailers to switch over to a payment technology called EMV. That means you’ll have to start verifying your credit card with a chip, as well as a swipe. We talked to ...

Swiping a credit card through a machine has long been a signature move in the process of paying with plastic. But that is changing. Mastercard has announced it’s going to do away with the magnetic ...

GREENSBORO, N.C. — This issue with skimmers isn't new and it isn't going away. As long as there are card swipes of any kind, there will be skimmers. Here's why, skimmers read a card's magnetic strip, ...

Green circle #1 labels the Magnetic stripe]] A magnetic stripe card is a type of card capable of storing data by modifying the magnetism of tiny iron-based magnetic particles on a band of magnetic ...