Magnetic Stripe Transactions

Magnetic stripe transactions - The following is the high level overall mag stripe transaction flow without elaborating each of the steps.

Magnetic stripe transactions flow

Magnetic stripe card
The magnetic stripe is on the back of a debit card or credit card... often called... a magstripe.

The magstripe is created with a tiny iron-based magnetic particles in a plastic like film.

Each particle is a small tiny bar magnet about 20 millionths of an inch long.

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