1. Different media
A chip bank card is a financial IC card. There is a chip on the front of the card and supports Quick Pass function. Magnetic stripe cards are cards that use magnetic carriers to record English and digital information for identification or other purposes. It can be seen from the definition that the two carriers are different. One uses a chip and the other uses a magnetic strip. Of course, chip cards are divided into pure chip cards and magnetic stripe chip composite cards. The magnetic stripe chip composite card has one more chip than the magnetic stripe card.
2. Different security factors
The chip card has a large capacity and can store information such as keys, digital certificates, fingerprints, etc. The card has read and write protection, good data encryption protection, and Usage protection adopts personal password, two-way authentication between card and reader to prevent card data from being copied and has higher security. After the magnetic stripe card passes through the magnetic writing device, it will be used by criminals to steal fake cards, so the security factor is low.
3. Different working principles
Chip cards have one more chip than magnetic stripe cards. In addition to swiping the magnetic stripe when making payment, the chip must also be verified.
1. Chip card
Chip card not only supports multiple financial applications such as debit and credit, electronic cash, electronic wallet, offline payment, fast payment, etc., but can also be used in finance, transportation , communications, commerce, education, medical care, social security, tourism and entertainment and other industries, truly realizing one card with multiple functions and providing customers with richer value-added services.
2. Magnetic stripe card
Magnetic card is a card-shaped magnetic recording medium that uses magnetic carriers to record character and digital information for identification or other purposes. Magnetic cards are made of high-strength, high-temperature-resistant plastic or paper-coated plastic. They are moisture-proof, wear-resistant and have a certain degree of flexibility. They are easy to carry and relatively stable and reliable to use. For example, the bank card we use is the most common magnetic stripe card.
Baidu Encyclopedia-Chip Card