Question: When a credit card is swiped through a card reader, the information coded in a magnetic pattern on the back of the card is transmitted

When a credit card is "swiped" through a card reader, the information coded in a magnetic pattern on the back of the card is transmitted to the cardholder's bank. Why is it necessary to swipe the card rather than holding it motionless in the card reader's slot?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Physics Questions!

1. If Mondex is launched in Pakistan (keeping all factors constant), what will be its segmentation strategy (which potential segments exist for such a product like Mondex)? And which...

Case Study 311 4.8 CASE STUDY The Mobile Payment Marketplace: Goat Rodeo early every day, it seems, a new mobile payment system is announced by giant tech companies, startups, merchants, and banks....

The Mobile Payment Marketplace: Goat Roedo Nearly every day, it seems, a new mobile payment system is announced by giant tech companies, startups, merchants, and banks. The mobile payment marketplace...

Case Study Questions: 1. Who are the three major players in the mobile payment market? 2. Why is Venmo considered a social-mobile payment system? 3. How does Apple Pay differ from Android Pay and...

Case Study | 311 4.8 CASE STUDY The Mobile Payment Marketplace: Goat Rodeo early every day, it seems, a new mobile payment system is announced by giant tech companies, startups, merchants, and banks....

can u please answer these MCQs. Thanks and Regards FIN 369 Keeton Spring 2016 Assignment 5 Due at the end of Sunday, April 10 1. The most important difference between the original Diners Club card...

One practical way to measure magnetic field strength uses a small, closely wound coil called a search coil. The coil is initially held with its plane perpendicular to a magnetic field. The coil is...

Case Study: Credit Card Heist at the Heartbreak Cafe How should Tom view and approach PCI-DSS compliance? What should be the roles of the franchisee, the franchisor, and the payment processor in...

CREDIT CARD HEIST AT THE HEARTBREAK CAF By Galen Collins (2012), Journal of Hospitality and Tourism Cases Volume 2, Issue 1 ABSTRACT Tom Petrov, the owner and operator of four restaurants, grapples...

Summarize the paragraph INTERACTIVE SESSION: ORGANIZATIONS The 21st Century Bank Heist Six-shooters and masked gunmen, trench coats and Each of the cells then took their cut and either machine guns,...

Write a paper about Universal Music with findings and analysis

Alliah expects to sell the following number of airplanes in each quarter next year: First quarter: 14 Second quarter: 19 Third quarter: 20 Fourth quarter: 16 Each airplane sells for $1 million, of...

Cindy is hoping to start saving for retirement, unfortunately, her company does not offer any saving plan. After talking to her financial advisor, she has decided that an RRSP is her best option....

Lovely Lawns, Inc., intends to use sales of lawn fertilizer to predict lawn mower sales. The store manager estimates a probable sixweek lag between fertilizer sales and mower sales. The pertinent...

5. List at least three personal roles that you want to perform better. What can you imagine doing to perform better in these three personal roles. Use tomorrow to improve what you think can be...

10. Imagine that the goal has been reached. Now think about the path you have to take to reach the goal. How did you influence other people to achieve your goal? Imagine walking along the path you...

2. How do I perform this role?