Will magnetic stripes be discontinued on credit and debit cards?

No, magnetic stripes will continue to be used on cards so they can be used at terminals in countries that have not yet converted to chip technology, including the United States. Many major retailers have already made the conversion to EMV chip card readers. When you complete your transaction with these merchants, your chip card will be used for payment at the checkout. When paying a merchant who has not yet made the transition to EMV chip card readers, your card will be run through a magnetic stripe reader.
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