Magnetic Stripe Chip Card

• Magnetic stripe cards are just classic credit cards (also known as swipe cards).
• The stripe is on the backside of the card, and it uses modified iron-based magnetic particles to communicate data between the strip and the receiving credit card terminal.
• On the other hand chip placed on the top part of magnetic stripe and chip card communicates with terminals. These chips allow a much more intricate and secure transaction process to occur.