[b:9l2kigi7]The article below is from the Visa Web Site:[/b:9l2kigi7]

Cards with Holographic Magnetic Stripes

Visa has recently learned of an industry issue involving an infrequently occurring technical problem at the point of sale related to the use of payment cards with the new holographic magnetic stripe. The scale of the issue is very small in number in both acceptance incidents and impacted cards in market.

Visa has learned that technical problems have occurred when cards with holographic magnetic stripes are used in environments that have high levels of static electricity. In these instances, the static electricity can interfere with the normal card swipe operation and prevent an electronic transaction from taking place.

The problems, however, do impact acceptance and convenience – the cornerstone of Visa’s commitment to cardholders. Visa believes that any issue that impacts acceptance, no matter how rare or isolated, must be addressed.

To address this issue, Visa has recommended to financial institutions with holographic magnetic stripe cards already in market that they replace these cards as soon as is practical.

See more at the [color=red:9l2kigi7][u:9l2kigi7][b:9l2kigi7]Visa Web Site[/b:9l2kigi7][/u:9l2kigi7][/color:9l2kigi7][/url:9l2kigi7]