Bank chip cards are more secure than magnetic stripe cards. Difference: the bank chip card has an integrated chip, the magnetic strip card does not have an integrated chip, and the magnetic recording medium is used to record information. Chip card, also known as integrated circuit card, is composed of one or more integrated circuits embedded in a plastic card of the same size as an ordinary credit card. Integrated circuit chips can be memory or processor. Chip cards with memory are also called memory cards or memory cards, and chip cards with microprocessors are also called smart cards or smart cards. Memory cards can store a lot of information; Smart cards not only have memory ability, but also have the function of processing information. A magnetic card is a card-like magnetic recording medium that uses a magnetic carrier to record character and digital information for identification or other purposes. The magnetic card is made of high strength, high temperature resistant plastic or paper-coated plastic, which can be moisture-proof, wear-resistant and has certain flexibility, easy to carry and stable and reliable to use. In order to reduce the risk of bank cards being copied, in recent years, relevant departments have promoted financial IC cards with higher security performance. Financial IC card is a smart chip (IC card) as the medium of the bank card, the chip capacity is large, can store keys, digital certificates, fingerprints and other information, can handle a variety of functions at the same time, with good security, storage capacity, easy to use and other characteristics.
Magnetic stripe cards and chip cards are two different kinds of bank cards, with obvious differences.
Magnetic stripe card has a magnetic strip, which stores personal information, its advantage is cheap, easy to use, but its disadvantage is low security, vulnerable to copying, theft and other attacks.
The chip card has a microprocessor chip that stores personal data and programs. It has higher security because it uses encryption algorithms for information transmission, and even if it is stolen, it cannot be easily cracked. However, its disadvantage is that the price is higher and the operation is slightly cumbersome.
Magnetic stripe cards and chip cards are two different kinds of bank cards, and there are many differences between them.
First of all, magnetic stripe card is a low-cost, easy to produce and use card, with weak security, can only store a small amount of information, such as cardholder name, account number and so on; Chip-based cards have higher security and can store more information, such as cardholder details, bank account balances, etc. In addition, chip cards can use a touch reader to transmit data using radio waves, which greatly improves the security and efficiency of the service, while magnetic stripe cards can only read data through a wired connection. To sum up, there are many significant differences between magnetic stripe cards and chip cards, including security, the amount of information stored, and the way data is transferred.