Remove 2029 Remove Customer Remove Payments Remove POS
article thumbnail

Mastercard Announces That Magnetic Stripes Will Be Phased Out

Korona

All cards with magnetic stripes will be completely phased out by 2029 in Europe and 2033 in the U.S. Credit cards have constantly changed in order to provide more efficient service at the checkout and more security for the customer. In short, EMV payments process each transaction with dynamic information.