This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. An early 1960s innovation largely credited to IBM, the ...

Mastercard has announced it will be phasing out the magnetic stripe on its payment cards in "most markets" from 2024 as reliance on chip-based and contactless payments continues to grow. The company ...

Is the dark, broad magnetic strip on the back of the credit cards that you–or your customers–swipe during purchases going the way of the eight-track tape player and dial-up modem? That appears to be ...