Mastercard is getting rid of magnetic stripes on its credit and debit cards over the next 10 years. With newer card technologies in wide use, the mag stripe ... metallic tape adhered to the card.

By 2029, there will be no new Mastercard credit or debit cards issued with a magnetic stripe, but prepaid cards in the U.S. and Canada will be exempt from this change.

NEW YORK--(BUSINESS WIRE)--SmartMetric, Inc. (OTCQB: SMME): Mastercard has announced that by 2024 card issuers will no longer be required to use magnetic stripes on their credit and debit cards ...

Mastercard is phasing out the use of magnetic stripes on its credit and debit cards over the next decade. They’ll start to disappear in 2024 in regions where EMV chips are more common, and will ...

Mastercard plans to phase out magnetic strips on credit and debit cards by 2033 due to the rise of other payment technologies, something that could change the appearance of the physical Apple Card.

The company said the magnetic stripe will start to disappear in newly-issued Mastercard credit and debit cards in Europe, while banks in the United States will no longer be required to issue chip ...

After gradual relaxation of issuing requirements, no Mastercard credit and debit cards will have mag stripes by 2033 Last Updated: Aug. 13, 2021 at 10:37 a.m. ET First Published: Aug. 12, 2021 at ...

Eventually, one day, your fancy physical titanium Apple Card will no longer have a magnetic stripe. ... By 2029, no new Mastercard credit or debit cards will be issued with a magnetic stripe.

The company goes onto say that in 2029, no new Mastercard credit card and debit cards will have a magnetic stripe, but that's a requirement that prepaid cards in the US and Canada will be exempt from.