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Mastercard to end magnetic strip on cards


Mastercard to end magnetic strip on cards

August 19, 2021 at 8:39 AM

Mastercard is to stop issuing cards with a magnetic strip.

By 2033, none of its debit or credit cards will have a strip, with banks in many regions including Europe able to issue the strip-less cards from 2024.

The UK moved to chip-and-pin for all card payments in 2006, but in the US, some magnetic strip systems are still in use.

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