Magnetic stripe technology, usually called mag-stripe, is so named because of the stripe of magnetic oxide tape that is laminated on a card. There are three tracks of data on the magnetic stripe. Typically the data on each of the tracks follows a specific encoding standard, but it is possible to encode any format on any track. A mag-stripe card is cheap compared to other card technologies and is easy to program. The magnetic stripe holds more data than a barcode can in the same space. While a mag-stripe is more difficult to generate than a bar code, the technology for reading and encoding data on a mag-stripe is widespread and easy to acquire. Magnetic stripe technology is also susceptible to misreads, card wear, and data corruption. These cards are also susceptible to some forms of skimming where external devices are placed over the reader to intercept the data read.
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