This technology is also used for hotel room key cards, driver’s licenses, and more.
When used, then, your information is processed, and your purchase is completed.
Beginning in 2029, no new Mastercards will possess magstripes.
The technology is good, but it’s outdated.
Cards have moved to chip systems, which are more secure and are actually the global standard.
Chip payments and contactless payments are the future of credit transactions.
