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Question:

What is the purpose of the magnetic stripe on the back of plastic cards?

Answer:

The purpose of the magnetic stripe on the back of plastic cards is to store and retrieve data electronically.
The purpose of the magnetic stripe on the back of plastic cards is to store and transmit data electronically. It contains encoded information, such as the cardholder's account number and other relevant details, which can be read by card readers to facilitate transactions and access to various services.
The purpose of the magnetic stripe on the back of plastic cards is to store encoded information that can be read by magnetic card readers. This information typically includes account details, personal identification, or any other relevant data required for authentication or transaction processing.

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