1. Magnetic card is a kind of magnetic recording medium similar to a card, which uses a magnetic carrier to record characters and digital information for identification or other purposes.
2. Chip card, also known as IC card, refers to the card with chip as the transaction medium.
3. Magnetic stripe chip composite card integrates magnetic stripe, chip and non-contact, which has both the advantages of magnetic stripe card and the characteristics of ic card. The card adopts non-contact design, and directly deducts money by radio frequency.