2006-08-10 00:22:38 · 5 answers · asked by devi 1 in Computers & Internet ➔ Other - Computers
Yes, now a days some banks are offering CHIP CREDIT CARDS, and a chip is embedded in Cr Card, but not all banks, the data is stored in this chip. Other banks have credit cards where data is stored in a BLACK STRIP on reverse side of CR CARD.
2006-08-10 00:34:52 · answer #1 · answered by ckm1975 2 · 0⤊ 0⤋
Well...While they may not be memory chips, some of the newest ones DO have RFID chips in them, that have the same information on them as the magnetic strip.
Chase Manhattan Bank (they may just be Chase now) offers a card called "Blink" with just such technology. See http://electronics.howstuffworks.com/blink.htm
And remember, that even though they now do have chips sometimes, NO credit card actually stores your purchase history...that's left up to the bank or company that issued your card to you.
2006-08-10 07:31:40 · answer #2 · answered by TomD 2 · 0⤊ 0⤋
The new cards provided by some credit card companies do have a chip in them.
2006-08-10 07:35:18 · answer #3 · answered by dexter 2 · 0⤊ 0⤋
you dont call it magnetic chip , that's magnetic stripe used for identification of the holder. magstripe is made up of tiny iron-based magnetic particles in a plastic-like film. Each particle is really a very tiny bar magnet.
It is very similar to a piece of cassette tape fastened to the back of a card. You provides the motion as you "swipe" a credit card through a reader or insert it in a reader.
2006-08-10 07:31:50 · answer #4 · answered by ♥ forever 2 · 0⤊ 0⤋
No. There is a magnetic stripe on the back.
Data is encoded on that stripe.
2006-08-10 07:27:27 · answer #5 · answered by Computer Guy 7 · 0⤊ 0⤋