MAGNETIC STRIPE
\maɡnˈɛtɪk stɹˈa͡ɪp], \maɡnˈɛtɪk stɹˈaɪp], \m_a_ɡ_n_ˈɛ_t_ɪ_k s_t_ɹ_ˈaɪ_p]\
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a short strip of magnetic tape attached to a credit card or debit card; the magnetic stripe contains data that will tell a reading device who you are and what your account number is, etc.
By Princeton University
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A narrow rectangular magnetic strip. Bank cards, credit cards, and the like carry one on the back. Information retained on a magnetic stripe can be damaged or wiped out by a strong electrical or magnetic fields. Account number, customer's personal identification number, and other required information are readable by ATMs, card swipe machines, magnetic stripe readers, and other like devices.
By Henry Campbell Black
