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In the past, magnetic stripe cards were the veterans of the card industry, used for the longest time and in the largest numbers. With the development of information technology and electronics, magnetic stripe cards have become relatively less secure as they are prone to wear and tear, are subject to interference from other magnetic fields, and are beginning to fade out of history. Currently, major banks are gradually stopping issuing magnetic stripe cards, and more and more users are preparing to phase out their original magnetic stripe cards in favor of chip cards.
How to dispose of the obsolete magnetic stripe cards, do you know?
How to dispose of the obsolete magnetic stripe card? The industry reminds that magnetic stripe cards contain important account information and users must handle them carefully to prevent others from using them maliciously.
Currently, many users do not cancel their original cards after changing them. Some criminals see this, and some even offer hundreds of dollars for these obsolete cards. Once these bank cards fall into the hands of criminals, they can be used for tax evasion, debt avoidance, and even money laundering and fraud. If these bank cards are used for illegal crimes, the original owners may be involved.
For eliminated magnetic stripe bank cards, it is best to cancel the account to cut off the basic functions of the card account. For bank cards without cancelled accounts, the magnetic stripe can also be physically destroyed, such as by drilling a hole in the magnetic stripe or cutting off a corner of the magnetic stripe. All eliminated magnetic stripe cards must not be delivered or sold to others. Related knowledge: cpu card contact IC card
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