Quiz: Do you know how a Credit Card's Magnetic Strip Works?
The magnetic strip on the back of a credit card contains a wealth of information. It works as a security measure to identify where your credit card is being used and contains sensitive data. See what you know about the magnetic strip on a credit card by taking this quiz.
What is another name for the magnetic strip on the back of a credit card?
What type of metal are the magnets in the strip made from?
How big is each iron particle in the strip?
20 millionths of an inch (50.8 millionths of a centimeter)
20 thousandths of an inch (50.8 thousandths of a centimeter)
20 hundredths of an inch (50.8 hundredths of a centimeter)
In the account number printed on your card, what do the digits in the second through seventh positions represent?
Which of the following works in a similar way to the magnetic strip on a credit card?
How many tracks are there on the magstrip?
What information does the magstrip contain?
Social Security number
What happens when your credit card is swiped?
It needs to be authenticated.
The payment is transferred immediately.
A record of the transaction is made in the magstrip.
What is a common reason an ATM might not accept your card?