Briefly explain the differences between the magnetic stripe card and the chip-and-PIN card.
Briefly explain the differences between the magnetic stripe card and the chip-and-PIN card.
Chapter5: Data Storage Technology
Section: Chapter Questions
Problem 13RQ
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Question
Briefly explain the differences between the magnetic stripe card and the chip-and-PIN card.
Expert Solution
Step 1
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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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