Why Credit Card magnetic strip is placed at the back of the card?

Magnetic strip is placed at the back of credit card help to verify the originality of credit card, which is used by credit card machine. It is decoded by infrared rays when strike they display some code which is being read by Credit Card Machine and it verify and get the number and name of the credit card owner.
There are also some security works done on the credit card such as signature panel, embossed characters, CVV or verification number etc. They all get by credit card machine and just a one strip passed it catches all and verify the credit card in milliseconds. When you are done, it will print a slip for shopkeeper for the bank and one for you. Shopkeeper/ bank slip uses your signature to verify the customer transaction done by the credit card.

About Credit Cards

What Are Credit Cards?
Credit Cards are the card issued by the bank to his customer on his demand. It is used for shopping on credit and the bill will be paid at the end of the month or specific date. Credit cards contain and use a number which are detectable by credit card machines and help to identify the original customer and autometically adds the bill to the related customer's bill. Credit cards contain tags such as VISA, MASTER CARD, VISA ELECTRON, etc. They are used to process credit cards between company and credit card machine. Wherever you seen a related tag on your credit card on a shop or credit card machine, that's means your card is accepted there. credit Cards are used by everyone in this modern era and we cannot ignore the value of credit card.

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