Magnetic Stripe Cards
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Mastercard Says Replacing Magnetic Strip Debit, Credit Cards With Chip-Based Cards for Safety
Mastercard has announced that it will slowly phase out magnetic stips from its credit and debit cards starting 2024.
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New RBI Order Aimed At Protecting Debit Cards From Cloning
The Reserve Bank of India has ordered banks to migrate all debit and credit cards from the ones with magnetic strips to those that use EMV chips and PINs. This, the central bank says, will secure transactions made with these cards at ATMs and merchant outlets.
-
Mastercard Says Replacing Magnetic Strip Debit, Credit Cards With Chip-Based Cards for Safety
Mastercard has announced that it will slowly phase out magnetic stips from its credit and debit cards starting 2024.
-
New RBI Order Aimed At Protecting Debit Cards From Cloning
The Reserve Bank of India has ordered banks to migrate all debit and credit cards from the ones with magnetic strips to those that use EMV chips and PINs. This, the central bank says, will secure transactions made with these cards at ATMs and merchant outlets.
