This hodge-podge of components is capable of spoofing the magnetic stripe on a credit card ... We haven’t looked into the code but is seems there should be either some current limiting ...

Is the dark, broad magnetic strip on the back of the credit cards ... and others--transactions with silicon chip cards and authorized PIN codes instead of swipes are now the rule.

After building a USB magnetic stripe reader, [David Cranor] has found a way to fool a magnetic stripe reader using a hand-wound electromagnet and an iPod. The data on a card is read and stored on ...