[David Cranor] has found a way to fool a magnetic stripe reader using a hand-wound electromagnet and an iPod. The data on a card is read and stored on a computer, then encoded as a WAV file using ...

A credit card reader is a device that allows businesses to accept payments from customers using credit cards or debit cards. It reads the information encoded in the magnetic stripe or chip of the ...

which makes equipment for magnetic stripe testing. “If you took your card today and used it in a magstripe reader from 1970, it would still be able to read it,” he says. His firm has worked on ...

Cards which are swiped through a slot on a reader are the least expensive option and are largely employed when extending a system which already uses magnetic stripe technology. SiPass readers ...