Mastercard is phasing out magnetic stripes on its cards starting in 2024

Mastercard is phasing out the use of magnetic stripes on its credit and debit cards over the next decade, as the industry moves towards more secure or convenient alternatives like chips and contactless payments, the company has announced. via Technology and News Today https://www.theverge.com/2021/8/17/22628455/mastercard-magnetic-stripe-phase-out-2024-2033

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