What is the difference between a magnetic stripe card and a chip card?

What is the difference between a magnetic stripe card and a chip card? The central bank announced that the magnetic stripe card will be full chip card, chip card in the end what is the good? What is the difference between a magnetic stripe card? Consider the recent card-changing friends to see below the magnetic stripe card and chip card difference contrast.

The media that distinguishes the chip card from the magnetic stripe card

Chip bank card is the financial IC card, it is the chip as the medium of the bank card, the card has a chip on the front, supporting the Flash function. Magnetic stripe card is the use of magnetic carrier to record English and digital information, used to identify identity or other uses of cards. Through the definition can be seen, the two carriers are different, one is the use of chips, one is the use of magnetic stripe. Of course, chip card is divided into pure chip card and magnetic stripe chip composite card, magnetic stripe chip composite card magnetic stripe cards more than a chip.

The safety factor of the difference between chip card and magnetic stripe card

The capacity of the chip card is large (storage is 160 times times the magnetic stripe card), can store key, digital certificate, fingerprint and other information, card has read and write protection of good data encryption protection, and in the use of protection to take personal password, card and reader two-way authentication, to prevent card data replication, with higher security. Magnetic stripe card After the use of magnetic equipment will be used by criminals to steal the counterfeit card, the safety factor is low.

The working principle of the difference between chip card and magnetic stripe card

Chip card cards more than a chip, in addition to the payment to brush magnetic stripe, but also to verify the chip.