Magnetic stripe cards are a cheap and easy to integrate kind of memory cards. On magnetic stripe cards, a thin strip is covered with magnetic metal oxide and allows storing and reading for smaller amounts of data. Magnetic stripe cards are considerably cheaper to manufacture than chip cards. Magnetic strips are particularly suitable for access systems of all kinds, for example as key card in hotels, in car parks, at concerts or even for working time recording in companies.
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A magnetic stripe card is a type of card capable of storing data by modifying the magnetism of tiny iron-based magnetic particles on a band of magnetic material on the card. The magnetic stripe, sometimes called swipe card or magstripe , is read by swiping past a magnetic reading head. Magnetic stripe cards are commonly used in credit cards , identity cards , and transportation tickets. Magnetic recording on steel tape and wire was invented in Denmark around for recording audio.