Mastercard Announces That Magnetic Stripes Will Be Phased Out
Korona
AUGUST 20, 2021
All new cards will have the option to be void of the magnetic stripe starting in 2024 in Europe and 2027 in the U.S. All cards with magnetic stripes will be completely phased out by 2029 in Europe and 2033 in the U.S. Merchants would make an imprint of the card on paper using an embossing plate.
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