Magnetic stripe card:
The earliest prototype of credit card is paper or metal card. At that time, credit cards were mainly provided by large retailers such as restaurants, oil companies and department stores for wealthier customers to pay and buy on credit. Magnetic stripe credit card appeared in 1974, and magnetic stripe technology began to be used in credit cards.
Chip card:
Also known as smart card, it belongs to contactless payment. Roland. The Frenchman Moreno invented and designed the smart card, and launched the world's first smart credit card in France in 1978. At present, this card is widely used in Europe. Smart card is a special computer chip embedded in a payment plastic card (which can be a credit card or a debit card). The chip contains the available amount and personal information. When the smart card is used in a dedicated terminal, the embedded chip can perform multi-functional operations such as information exchange and calculation through the terminal, and the contained data can be changed and updated.