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English definition of “magnetic strip”

magnetic strip

noun [C]     (also magnetic stripe)
a magnetic area on the back of a plastic card that contains information in electronic form , especially information about who the owner of the card is, their bank account , etc.: Your personal details are stored in the card's magnetic strip . The data held on the magnetic strip is scanned when you swipe the card .
(Definition of magnetic strip noun from the Cambridge Business English Dictionary © Cambridge University Press)
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