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Meaning of “magnetic strip” in the English Dictionary

"magnetic strip" in British English

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magnetic stripnoun [C]

/mæɡˌnet.ɪk ˈstrɪp/  us   /mæɡˌnet̬.ɪk ˈstrɪp/
a ​plasticstrip on which ​information can be ​recorded, for ​example on the back of a creditcard: The ​startedissuingdrivinglicences with ​magneticstrips on the back that ​containdata.
(Definition of magnetic strip from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"magnetic strip" in American English

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magnetic stripnoun [C/U]

 us   /mæɡˈnet̬·ɪk ˈstrɪp/ (also magnetic tape)
a ​plastic strip on which ​information can be ​recorded, for ​example on the back of a ​creditcard: [C] The ​statestartedissuing driver's ​licenses with magnetic strips on the back that ​containdata. [U] The ​datarecorded on magnetic tape was ​analyzed with the ​aid of a ​computerprogram.
(Definition of magnetic strip from the Cambridge Academic Content Dictionary © Cambridge University Press)

"magnetic strip" in Business English

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magnetic stripnoun [C]

uk   us   (also magnetic stripe)
a magnetic ​area on the back of a ​plasticcard that contains ​information in ​electronicform, especially ​information about who the ​owner of the ​card is, their ​bankaccount, etc.: Your ​personal details are ​stored in the card's magnetic ​strip. The ​dataheld on the magnetic ​strip is ​scanned when you ​swipe the ​card.
(Definition of magnetic strip from the Cambridge Business English Dictionary © Cambridge University Press)
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