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31-Mar-2017 06:11

They also provide the standards for financial cards, including the allocation of card number ranges to different card issuing institutions.In 1969 Forrest Parry, an IBM engineer, had the idea of securing a piece of magnetic tape, the predominant storage medium at the time, to a plastic card base.In 1960, IBM used the magnetic tape idea to develop a reliable way of securing magnetic stripes to plastic cards, under a contract with the US government for a security system.A number of International Organization for Standardization standards, ISO/IEC 7810, ISO/IEC 7811, ISO/IEC 7812, ISO/IEC 7813, ISO 8583, and ISO/IEC 4909, now define the physical properties of the card, including size, flexibility, location of the magstripe, magnetic characteristics, and data formats.This was necessary in order to meet the close tolerances required to reliably encode and read the data on the Magnetic Stripe Cards by magnetic write/read heads. Robert Evans, Bernard Silver, Art Hamburgen, Heard Baumeister and Bill Crouse.

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The Delta Distance C Code was an earlier version of the UPC Universal Product Code.

This engineering effort resulted in IBM IRD producing the first magnetic striped plastic credit and ID cards used by banks, insurance companies, hospitals and many others. on Aug 12, 1969 to head up this engineering effort. The IBM 360 computer was for scientific/business applications so the IRD engineers first had to convert the 360 into a "process control computer" and then develop software and hardware around it.