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 ...

Mastercard announced that all of its debit and credit cards will lose the iconic magnetic stripe starting in 2024. Various advancements in payment technology have made the magnetic stripe unnecessary.

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 ...

The act of swiping a credit card has been part of our muscle memory for decades. It’s hard to imagine it could soon go away. But earlier this month, Mastercard announced plans to remove the black ...

Mastercard is getting rid of magnetic stripes on its credit and debit cards over the next 10 years, part of a broader push from the company to use "more capable and secure" alternatives to the ...

Apple Card will start to change by 2027. Mastercard announced it’s “swiping left” on magnetic stripes after decades of supporting this technology. “The shift away from the magnetic stripe points to ...

If you have a credit card issued by Mastercard, you will get a replacement card in the next few years. The company says it is removing the magnetic stripe on the back of cards containing payment ...

Mastercard plans to phase out magnetic strips on credit and debit cards by 2033 due to the rise of other payment technologies, something that could change the appearance of the physical Apple Card.

is a reporter with five years of experience covering consumer tech releases, EU tech policy, online platforms, and mechanical keyboards. Mastercard is phasing out the use of magnetic stripes on its ...

Mastercard is getting rid of magnetic stripes on its credit and debit cards over the next 10 years, part of a broader push from the company to use "more capable and secure" alternatives to the ...