- The end of the magnetic stripe appears imminent as contactless cards with RFID technology become more prevalent, with Mastercard no longer requiring magnetic stripes on debit and credit cards starting this year.
- Security researcher Steven Murdoch experienced data loss on his magstripe hotel key card, highlighting the growing issue of magnetic stripe reliability due to interference from smartphones.
- New ticketing technologies, such as printable barcodes and reusable contactless cards, offer environmental benefits and convenience over traditional magstripe tickets.
- The popularity of magstripe is declining, with estimates indicating that less than one-fifth of the five billion tickets printed annually by Nagels still use magnetic stripes.
- Experts argue that the transition away from magstripe technology is necessary, as newer validation methods reduce the need for magstripe cards, despite their convenience in fitting into wallets.
https://www.bbc.com/news/articles/c51yd4j4lnvo
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