Some credit cards no longer have it, but many banks still maintain it. Some banks still have it, but block any payments made through it.
In everyday life, almost only the NFC antenna (“contactless”) or the chip is read.
Where else is the strip useful, and if not, why is it there? Isn't it a security risk?
(1 votes)
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In most European countries, use or the fall-back on the magnetic stripe is no longer permissible for years. There are regions in the world in which chip technology has not yet prevailed. This was the USA for a long time. This is the real reason why magnetic strips are still held. It is good that the big American credit card companies are now finally burying this technology, even though they live from the fact that their cards can be used everywhere. The market power will judge it.
There are still old-fashioned machines abroad.
Machines still have
Isn’t the chip now read?
Apparently not. There is also cash. With today’s technical stand, you can theoretically digitize everything. But I don’t know
Maybe in Timbuktu. In most countries, ATMs haven’t used it for a long time.