IBM invented the magnetic stripe card in 1986.
IBM . Inventions by IBM include the automated teller machine ( ATM ) , the PC , the floppy disk , the hard disk drive , the magnetic stripe card , the relational database , the SQL programming language , the UPC barcode , and dynamic random-access memory ( DRAM ) . Magnetic stripe card . 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 .