However, one of the most important dates for magstripes was 1970, where the standards were established for credit cards (which were first issued in 1951) and magnetic stripes became used. These “smart cards” were first patented in France in 1974. In the late 1960s the USA was using magnetic stripes in cards for the Bay Area Rapid Transit. The first official documented use of magstripes on cards is from the London Transit Authority who, in the early 1960s, installed magstripes on cards for the London Underground. The technology of “magstripes” has been around for a very long time, but there have been several important advances in the magnetic card reading technologies over the past few decades.
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