Did you know?
bobby_g 060000DF9B Visits (3500)
It's IBM's centennial week and there is a lot of celebrating going on and I'm sure by now you got your copy of THE BOOK (Making the World Work Better:The Ideas That Shaped a Century and a Company), right? So it's a good time to pull over into the slow lane of the information highway and take a moment to reflect on one interesting little tidbit concerning the technology that IBM proudly named one of its top 100 contributions to society: the credit card magnetic stripe.
Yep, that's right, four decades after its creation the magnetic credit card stripe revolutionized the way we make purchases and share personal information. However, new technology is getting ready to send this new/old technology to the sidelines like the way of the VHS player. But before the magnetic credit card stripe does slide away into the sunset, let's hear what the "the father of magnetic stripe credit cards" has to say.
"My guess is the stripe will disappear," says Jerome Svigals, the project manager who engineered the technology for IBM in the mid-'60s that would make it possible for the cards to be used in readers all over the world. "It's already disappearing -- you don't see the stripe on mobile phones or smartphones -- but you do see the equivalent information content on chips and they emit that into the network. The information structure will be around forever."
It began in the early 60's when Forrest Parry, an IBM engineer, was credited with the first success by attaching the magnetic tape to a plastic identity card for officials of the CIA by essentially melting the strip on. That technology was greatly refined for credit cards by Svigals' team.
There's more........but I'm not going to tell you everything here. Take your copy of THE BOOK off your end table and begin to read it and then read more; you won't be disappointed.
Then you will know.