magstripe

noun
mag·​stripe | \ ˈmag-ˌstrīp How to pronounce magstripe (audio) \
plural magstripes

Definition of magstripe

: the magnetic strip on a swipe card that contains personal information often used before another noun a magstripe card… American credit cards use the 40-year-old magstripe technology to process transactions …— Bill Saporito

First Known Use of magstripe

1973, in the meaning defined above

History and Etymology for magstripe

mag(netic) entry 1 + stripe entry 3

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