When you insert our debit or credit card into the ATM, it reads the
information encoded on the magnetic strip on the back of the card. ... our
card is basically a hard copy of the access information to your account.
The ATM then asks for your PIN to verify your authorization to access
account funds and information.
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 is sometimes called swipe
card.
The first and second tracks in the magnetic stripe are encoded with
information about the cardholder's account, such as their credit card
number, full name, the card's expiration date, and the country code.
Additional information can be stored in the third track. When the data is
confirmed..Then it asks for a password..After giving the password..It will be
decoded and will give access to do further transactions.
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