1. Different data storage media: Magnetic stripe cards store information through changes in the magnetic field of the magnetic stripe on the card. Magnetic stripe IC and magnetic stripe IC contactless cards can store information through integrated circuits embedded in the card. Chips are used to store data information.

2. Different transaction methods: When withdrawing money or spending money with a magnetic stripe card, you can read the magnetic stripe information by swiping the card. The magnetic stripe IC can read the chip information by inserting the card for transactions. The magnetic stripe IC can be made contactless. Complete contactless payment via QuickPass.

3. Different security: Magnetic stripe cards are easier to copy. Once the magnetic stripe information is stolen, there may be a situation where "the card is still with you" but the funds are stolen. Magnetic stripe IC and magnetic stripe IC contactless cards are extremely difficult to copy because they have special technical encryption protection, so they are difficult to be copied and stolen by criminals. ?

Ifeng.com - The difference between magnetic stripe cards and financial IC cards