American Express issued hundreds of new cards to frequent travelers in the Chicago area. In 1970, a joint pilot project by American Express, American Airlines, and IBM took place at Chicago’s O’Hare Airport. ![]() Unfortunately, these cards can also be affected by the use of external devices placed over the magnetic stripe card reader in order to fraudulently skim personal information. The problem with this magnetic stripe technology is that a card can be misread, it can wear out due to use, and the data can be corrupted. While a magnetic stripe is more difficult to create than a barcode, the technology for reading and encoding data on a magnetic stripe is widespread and it is easy to get. Moving Past Magnetic Stripe Card Readers in 2019Ī magnetic stripe card reader is a device used to read magnetic stripe cards, such as credit cards.Ī magnetic stripe card is inexpensive compared to other card technologies and not hard to program.
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