Mastercard announced that all of its debit and credit cards will lose the iconic magnetic stripe starting in 2024. Various advancements in payment technology have made the magnetic stripe unnecessary.

If you have a credit card issued by Mastercard, you will get a replacement card in the next few years. The company says it is removing the magnetic stripe on the back of cards containing payment ...

Mastercard has announced it will be phasing out the magnetic stripe on its payment cards in "most markets" from 2024 as reliance on chip-based and contactless payments continues to grow. The company ...

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. An early 1960s innovation largely credited to IBM, the ...

May’s headlines include developments from Global Payments, Visa’s expansion of digital finance and AI innovation from ...

Mastercard plans to phase out magnetic strips on credit and debit cards by 2033 due to the rise of other payment technologies, something that could change the appearance of the physical Apple Card.

There was a lot of anger towards Samsung when it decided to stop adding MST support in future smartphones, for Samsung Pay. And relying solely on NFC. Mastercard just explained why that is the case, ...

This could expand to other parts of the Stripe ecosystem. Could we see crypto replace credit card and banking payment systems in the future? It's likely payouts will eventually move to payments in ...