Re-programmable stripe cards are often more secure than standard magnetic stripe cards and can transmit information for multiple cardholder accounts. Misuse Due to increased illegal copies of cards with a magnetic stripe, the European Payments Council established a Card Fraud Prevention Task Force in 2003 that spawned a commitment to migrate all ATMs and POS applications to use a chip-and-PIN solution until the end of 2010. The "SEPA for Cards" has completely removed the magnetic stripe requirement from the former Maestro debit cards. See also Payment card industry Payment card number Payment gateway Payment system Payment Services Directive Payment terminal Payments as a platform Credit card fraud Prepayment for service References Payment systems