Difference between Chip Card and Magnetic Stripe Card:
Chip Card:
Chip card, also known as IC card, refers to the card that uses the chip as the transaction medium. Chip cards not only support a number of financial applications such as debit and credit, e-cash, e-wallet, offline payment, and fast payment, but can also be applied to a variety of industry sectors such as finance, transportation, communication, commerce, education, healthcare, social security, and tourism and entertainment, truly realizing the multi-functionality of a single card, and providing customers with a richer range of value-added services.
Magnetic stripe card:
Magnetic card is a card-like magnetic recording medium, the use of magnetic carriers to record characters and digital information, used to identify identity or other purposes. Magnetic cards are made of high-strength, high-temperature resistant plastic or paper coated plastic, moisture-proof, wear-resistant and have a certain degree of flexibility, easy to carry, the use of more stable and reliable. For example, we use the bank card, is one of the most common magnetic stripe card.
One, the media is different
Chip bank card that is the financial IC card, it is a chip as the medium of the bank card, the front of the card has a chip, support flash payment function. The magnetic stripe card is the use of magnetic carriers to record English and digital information, used to identify the identity or other purposes of the card. Through the definition can be seen, the two carriers are different, one is the use of chip, one is the use of magnetic stripe. Of course, the chip card is divided into a pure chip card and magnetic stripe chip composite card, magnetic stripe chip composite card than the magnetic stripe card more than a chip.
Two, the security factor is different
Chip card capacity (storage is 160 times the magnetic stripe card), can store the secret key, digital certificates, fingerprints and other information, the card has a good data encryption protection of read-write protection, and in the use of the protection of the personal password, the card and the read-write two-way authentication, to prevent the card data is copied, with a higher level of security. Magnetic stripe card in the write magnetic equipment will be used by lawbreakers to carry out the theft of counterfeit cards, the security factor is lower.
Three, the working principle is different
Chip card than the magnetic stripe card more than a chip, in addition to the payment to brush the magnetic stripe, but also to verify the chip.