Mastercard announced that all of its debit and credit cards will lose the iconic magnetic stripe starting in 2024. Various advancements in payment technology have made the magnetic stripe unnecessary.

If you have a credit card issued by Mastercard, you will get a replacement card in the next few years. The company says it is removing the magnetic stripe on the back of cards containing payment ...

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. An early 1960s innovation largely credited to IBM, the ...

Mastercard has announced it will be phasing out the magnetic stripe on its payment cards in "most markets" from 2024 as reliance on chip-based and contactless payments continues to grow. The company ...

is a reporter with five years of experience covering consumer tech releases, EU tech policy, online platforms, and mechanical keyboards. Mastercard is phasing out the use of magnetic stripes on its ...

Mastercard plans to phase out magnetic strips on credit and debit cards by 2033 due to the rise of other payment technologies, something that could change the appearance of the physical Apple Card.