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Forrest Corry Parry (July 4, 1921 – December 31, 2005) was an American IBM engineer who invented the magnetic stripe card used for credit cards and identification badges. [ 1 ] [ 2 ] Early life
A magnet's magnetic moment (also called magnetic dipole moment and usually denoted μ) is a vector that characterizes the magnet's overall magnetic properties. For a bar magnet, the direction of the magnetic moment points from the magnet's south pole to its north pole, [ 15 ] and the magnitude relates to how strong and how far apart these poles ...
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The first use of magnetic core was in the Whirlwind computer, [19] and Project Whirlwind's "most famous contribution was the random-access, magnetic core storage feature." [20] Commercialization followed quickly. Magnetic core was used in peripherals of the ENIAC in 1953, [21] the IBM 702 [22] delivered in
Non-EMV cards work like magnetic stripe cards. This is common in the U.S. (PayPass Magstripe and Visa MSD). The cards do not hold or maintain the account balance. All payment passes without a PIN, usually in off-line mode. The security of such a transaction is no greater than with a magnetic stripe card transaction. [citation needed]
A 12-row/80-column IBM punched card from the mid-twentieth century. A punched card (also punch card [1] or punched-card [2]) is a piece of card stock that stores digital data using punched holes.
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