What is the principle of the bank s magnetic card, and what bank card is a magnetic card?

A magnetic card is a card with a black magnetic stripe on the back of the card.

A chip card is a card with a metal chip visible on the front of the card.

The difference between a bank magnetic stripe card and a chip card:

1.The chip bank card is the financial IC card, which is a bank card with the chip as the medium, and there is a chip on the front of the card, which supports the flash payment function.

2.A magnetic stripe card is a card that uses a magnetic carrier to record English and numeric information for identification or other purposes.

3.The two carriers are different, one uses a chip, and the other uses a magnetic stripe.

4.Chip cards are further divided into pure chip cards and magnetic stripe chip composite cards, and magnetic stripe chip composite cards have one more chip than magnetic stripe cards.

Magnetic card is a card-like magnetic recording medium, which uses a magnetic carrier to record character and numerical information for identification or other purposes. The magnetic card is made of high-strength, high-temperature resistant plastic or paper-coated plastic, which can be moisture-resistant, wear-resistant and flexible, easy to carry, and more stable and reliable to use. For example, the bank card we use is one of the most common magnetic stripe cards.

Magnetic cards are convenient to use, cheap in cost, and widely used in vertical ways, which can be used to make credit cards, bank cards, subway cards, bus cards, ticket cards, and ** cards; Video game cards, bus tickets, machine tickets and various transportation toll cards, etc. Today, we use magnetic cards on many occasions, such as dining in canteens, shopping in shopping malls, taking buses, taking **, entering controlled areas, and so on.

There are several differences between magnetic stripe cards and chip cards:

1. The first difference is that the medium is different.

The chip card is a financial IC card, which is a bank card with a chip as the medium, and there is a chip on the front of this card, which can support the flash payment function. Magnetic stripe cards, on the other hand, use magnetic carriers to record English and numeric information, which can be used for identification or other purposes.

2. The second difference is the difference in safety factor.

The chip card can store keys, digital certificates, fingerprints and other information, and the card is protected by data encryption with a read-write protection number, and the use of protection takes personal password, two-way authentication between the card and the reader to prevent the card data from being copied, and it has a high level of security. The magnetic stripe card is likely to be used by criminals to steal the fake card after passing through the magnetic writing device, so the security factor will be low.

3. The third difference is that the working principle is different.

The chip card has one more chip than the magnetic stripe card, and when making a payment, you have to not only swipe the magnetic stripe, but also verify the chip.

Legal basisArticle 1 of the Provisions of the Supreme People's Court on Several Issues Concerning the Trial of Civil Dispute Cases over Bank Cards.

These Provisions shall apply to civil disputes arising from the conclusion of bank card contracts and the use of bank cards between cardholders and card issuers, non-bank payment institutions, acquirers, special merchants, and other parties.

The term "bank card civil disputes" as used in these Provisions includes debit card disputes and credit card disputes.

Article 2. Where the issuing bank fails to perform its obligation to prompt or explain the standard terms such as interest, compound interest, fees, liquidated damages, etc., when entering into a bank card contract with the cardholder, resulting in the cardholder's failure to pay attention to or understand the clause, and the cardholder claims that the clause does not become the content of the contract and is not binding on it, the people's court shall uphold it.

First, the medium is different.

The chip bank card is a financial IC card, and there is a chip on the front of the card, which supports the flash payment function. A magnetic stripe card is a card that uses a magnetic carrier to record English and numeric information for identification or other purposes. From the definition, it can be seen that the two carriers are different, one is the use of chips, and the other is the use of magnetic stripes.

Of course, chip cards are divided into pure chip cards and magnetic stripe chip composite cards, and magnetic stripe chip composite cards have one more chip than magnetic stripe cards.

Second, the safety factor is different.

The chip card has a large capacity, can store keys, digital certificates, fingerprints and other information, the card has read/write protection and data encryption protection, and the use of protection to take personal password, card and reader two-way authentication, to prevent card data from being copied, with higher security. The magnetic stripe card will be used by criminals to steal the fake card after passing through the magnetic writing device, and the security factor is low.

Third, the working principle is different.

The chip card has one more chip than the magnetic stripe card, and in addition to swiping the magnetic stripe when paying, the chip must also be verified.