--- title: Magnetic Stripes On Credit Cards May Be Phased Out Soon description: Magnetic Stripes On Credit Cards May Be Phased Out Soon --- [Securafy Knowledge Hub](https://blog.securafy.com) - [Topics](https://blog.securafy.com/#sf-cover) - [Tools](https://blog.securafy.com/#sf-tools) - [Books & Guides](https://blog.securafy.com/#sf-books) [Talk to Securafy](https://meetings.hubspot.com/securafy/strategy-call) [Topics](https://blog.securafy.com/#sf-cover) [Tools](https://blog.securafy.com/#sf-tools) [Books & Guides](https://blog.securafy.com/#sf-books) [Talk to Securafy](https://meetings.hubspot.com/securafy/strategy-call) [Knowledge Hub](https://blog.securafy.com) / IT Operations IT Operations # Magnetic Stripes On Credit Cards May Be Phased Out Soon Magnetic Stripes On Credit Cards May Be Phased Out Soon ![Randy Hall](https://blog.securafy.com/hubfs/Randy%20Hall%202.png) By Randy Hall Updated Jul 2024 2 min read Share [**](https://www.linkedin.com/sharing/share-offsite/?url=https://blog.securafy.com/2021/08/30/magnetic-stripes-on-credit-cards-may-be-phased-out-soon) [**](https://twitter.com/intent/tweet?url=https://blog.securafy.com/2021/08/30/magnetic-stripes-on-credit-cards-may-be-phased-out-soon&text=%3Cspan+id%3D%22hs_cos_wrapper_name%22+class%3D%22hs_cos_wrapper+hs_cos_wrapper_meta_field+hs_cos_wrapper_type_text%22+style%3D%22%22+data-hs-cos-general-type%3D%22meta_field%22+data-hs-cos-type%3D%22text%22+%3EMagnetic+Stripes+On+Credit+Cards+May+Be+Phased+Out+Soon%3C%2Fspan%3E) [**](mailto:?subject=%3Cspan+id%3D%22hs_cos_wrapper_name%22+class%3D%22hs_cos_wrapper+hs_cos_wrapper_meta_field+hs_cos_wrapper_type_text%22+style%3D%22%22+data-hs-cos-general-type%3D%22meta_field%22+data-hs-cos-type%3D%22text%22+%3EMagnetic+Stripes+On+Credit+Cards+May+Be+Phased+Out+Soon%3C%2Fspan%3E&body=https://blog.securafy.com/2021/08/30/magnetic-stripes-on-credit-cards-may-be-phased-out-soon) ![](https://static.hsstatic.net/BlogImporterAssetsUI/ex/missing-image.png)The magnetic stripe on the back of credit and debit cards has been a standard feature for as long as most people can remember. MasterCard recently made a rather surprising announcement concerning those stripes and are planning to phase them out of most markets beginning in 2024. The company will no longer require US-based companies to issue chip cards with magnetic stripes beginning in 2027 as an intermediary step. Another intermediary step on MasterCard's road map is to phase out the magnetic stripe in the US on all cards except for pre-paid cards. The process will take quite some time to complete and the company doesn't expect to have the magnetic stripes fully phased out until 2033. The magnetic stripe is surprisingly old technology. It was developed in the 1960s by IBM. Time and technology have advanced and the magnetic stripe and card swipe is no longer the preferred payment method. Recent surveys show that only 11 percent of the consuming public preferred the swipe methodology to chip based cards. That number plunges to just 9 percent when the people being surveyed have experience with totally contact-less payment systems. The company's plan represents the best of both worlds. The tide of consumer attitude is shifting away from the magnetic stripe so MasterCard will be giving today's consumers what they want by making the switch. In addition to that, the magnetic stripe is no longer "best in class" in terms of payment execution. By phasing them out the company is positioning itself to be better able to focus on more modern and robust payment options. Change can be difficult. This is one of those rare instances where it really isn't. Kudos to MasterCard for taking the another important step down the road of modernizing its payment processing infrastructure. Tagged Under IT OperationsBusiness Continuity In This Article Need Help With Your Current Setup? Talk through your current systems, risks, and support gaps with Securafy. [Book a Strategy Call](https://meetings.hubspot.com/securafy/strategy-call) ## Join The Conversation Have a question or perspective on this topic? Add it below. ![Randy Hall](https://blog.securafy.com/hubfs/Randy%20Hall%202.png) About The Author Randy Hall · CEO & Founder Randy Hall is the CEO and Founder of Securafy, with decades of experience helping organizations make smarter, safer decisions about technology. A frequent speaker and instructor at national IT events, Randy has advised thousands of organizations, from startups and SMBs to large enterprises and U.S. government entities, on secure, practical technology adoption. He writes about the decisions business leaders are often expected to make without enough context, including cybersecurity, compliance, AI, cyber insurance, IT strategy, and business resilience. Outside the office, you’ll often find Randy on Lake Erie enjoying time on his 38-foot Chris-Craft. **Writes about:** Cybersecurity strategy, compliance, AI security, business resilience, cyber insurance, SMB risk, IT leadership [More From This Author →](https://blog.securafy.com/author/randyhall) Related Articles Business Continuity [Compliance Risk Assessment: How Downtime Impacts Your Bottom Line](https://blog.securafy.com/compliance-risk-assessment-how-downtime-impacts-your-bottom-line) When systems go down, compliance obligations don't pause—and the financial consequences ... Jul 28, 2026 Compliance [HIPAA Security Rule Changes Are Delayed To 2027: Why Healthcare Organizations Should Not Wait](https://blog.securafy.com/hipaa-security-rule-changes-are-delayed-to-2027-why-healthcare-organizations-should-not-wait) The updated HIPAA Security Rule won't take effect until 2027, but healthcare ... 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