Recently, bank magnetic stripe card fraud has occurred frequently and continues to increase. Occupying the headlines of major news and becoming the top priority of the common people, after all, this is related to the vital interests of the common people. After this incident, many customers will ask us in detail what is the difference between a magnetic stripe card and a chip card before making the card?

Nowadays, the bank cards that everyone uses are basically magnetic stripe cards. Magnetic stripe cards have low cost, low safety performance and easy demagnetization. Criminals usually use the surveillance camera installed on the ATM to watch you enter your password and steal your password. This device used to steal the customer’s credit card information is installed, the card is inserted, and there is a magnetic head inside. Read all the information on the card. Bank card copying equipment and even password stealing equipment have flowed into the market in large numbers. Equipment such as card readers can be easily bought online or in the electronic market. The price of a complete set of equipment exceeds 10,000 yuan. In this way, it is not surprising that bank magnetic stripe cards are stolen and swiped frequently. Various departments of the country also paid great attention to this matter. Soon the central bank issued new regulations to eliminate magnetic stripe cards and fully use financial IC cards in regions issued to the economy by 2015.

The financial IC card is what we often call a chip card. What are the advantages of a chip card compared to a magnetic stripe card? Simply put, the chip card is an upgraded version of the magnetic stripe card. The chip card has a large capacity (the storage capacity is 160 times that of the magnetic stripe card), and can store information such as keys, digital certificates, fingerprints, etc. The card has read and write protection and data encryption Protection, and use personal password, card and reader two-way authentication for use protection. The chip card is extremely difficult to copy and has strong anti-attack ability. The stability of financial IC card is stronger than that of magnetic stripe card, and there will be no demagnetization.

Of course, in addition to the functional difference between the chip card and the magnetic stripe card, there is also a difference in card price. The cost of chip cards is much higher than that of magnetic stripe cards. But such a cost can be exchanged for the high performance and high security of bank cards.

More information about the magstripe card,please contact our sales :email:sales@mhgyjs.com