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The magnetic strip on a card can be ‘written’ or encoded with information because the tiny iron-based particles that make up the strip can be magnetized in different directions by a device that produces a strong magnetic field.

If you travel frequently, you may have faced a specific problem with key cards for hotel rooms: sometimes, when you swipe the card to open your room’s door, it just doesn’t work.

Magnetic stripe cards are widely used in hotel key cards to provide room access and credit/debit cards to handle purchases.When a card with a magnetic strip is moved back and forth over the ‘reader head’, a voltage is induced in the coils of the card reader device.This voltage can be amplified and recorded electronically, which is finally read by a computer (or a processor installed within the reader) to authenticate a user (in the case of identity cards) or a transaction (in the case of credit/debit cards).They are also commonly used as identity cards for entrance to corporate premises and college campuses for a variety of purposes.This device is a ‘solenoid’, which is basically a coil wound into a tightly packed helix.A magnetic stripe card, also referred to as a swipe card or magstripe, is a plastic card with a magnetic strip attached on its surface.This stripe is made of tiny iron-based components whose magnetism can be modified and can therefore be used to store information.The wire is wound around a high-permeability, metallic core that produces a strong magnetic field when a current is passed through it.This device encodes the required information onto the stripe, which is then pasted on a plastic card.This gives the thief all the information needed to make fake cards and withdraw cash from the cardholder's checking account.Occasionally, certain retail and restaurant workers who handle credit cards are recruited to be part of a skimming ring.

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  1. But then all of you started buying it, so hey, let's do this! I want to write a book, if only because I see so much bullshit going around in the world of startups and tech. People think they need to build billion dollar companies. Only 10% or less exit and that doesn't even tell you if the founders make good money.