Briefly explain the differences between the magnetic stripe card and the chip-and-PIN card.

Systems Architecture
7th Edition
ISBN:9781305080195
Author:Stephen D. Burd
Publisher:Stephen D. Burd
Chapter5: Data Storage Technology
Section: Chapter Questions
Problem 13RQ
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Briefly explain the differences between the magnetic stripe card and the chip-and-PIN card.
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Step 1
  1. Difference between magnetic stripe and smart card

    S.No

    Magnetic stripe card

    Smart card

    1.

    It is used to store limited amount of data, done by modifying iron based particles magnetism present in the band of the card

    It is a card consists of consumer key and account data embedded in it.

    2.

    It is performed by swiping the card physically at the terminal.

    PIN or sign must be entered to approve the transaction.

    3.

    Credit card authentication request is sent to the organization and it receives the details by validating the given information.

    All the information of authenticity are provided with in the chip.

 
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