Mastercard to end magnetic stripe on cards

Magnetic strip

Newly-issued Mastercard credit and debit cards will not be required to have a stripe starting in 2024 in most markets.
By 2033, no Mastercard credit and debit cards will have magnetic stripes, which leaves a long runway for the
remaining partners who still rely on the technology to phase in chip card processing.
A skimming device reads your credit or debit card’s magnetic stripe (aka a “magstripe”) when you insert it
into a compromised machine. The device stores the cardholder’s name, card number, and expiration date.
It keeps harvesting the data from all the cards that account holders insert into the reader until the
skimmer collects it
EMV chips integrated circuit chip that stores data and is made up of electronic circuits placed on a very small piece of
semiconductor material that usually functions as silicon.
The Mastercard Biometric Card combines chip technology with fingerprints to conveniently and safely verify the
cardholder’s identity for in-store purchases. An embedded sensor that's powered by the chip, authenticates identity
through a fingerprint and can be used at EMV terminals worldwide
https://www.mastercard.us/en-us/business/overview/safety-and-security/authentication-services/biometrics/biometrics-card.
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https://www.bbc.com/news/technology-58206591
https://www.fisglobal.com/en/insights/merchant-solutions-worldpay/article/why-emv-chip-cards-are-replacing-magnetic-strip
es
https://www.fisglobal.com/en/insights/merchant-solutions-worldpay/article/why-emv-chip-cards-are-replacing-magnetic-strip
es
https://www.chetu.com/blogs/payments/magstrips-and-chip-vs-swipe.php
https://geekflare.com/understanding-credit-card-skimming/
https://www.mastercard.us/en-us/business/overview/safety-and-security/authentication-services/biometrics/biometrics-card.
html
https://www.mastercard.com/news/perspectives/2021/magnetic-stripe/
https://www.visa.co.th/th_TH/pay-with-visa/contactless-payments/contactless-payments.html#2