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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.
In the 1950s, magnetic recording of digital computer data on plastic tape coated with iron oxide was invented.
The UPC code was selected in 1973 by NRMA as their standard and has become the World Wide Standard that we all know today as the UPC Uniform Product Code.
In 1971, after the IBM IRD engineers completed the development and building phase of the project they began in 1969, they released the equipment to the IRD manufacturing group in Dayton N. to begin producing the plastic magnetic striped credit and ID cards.
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.
After a frustrating day in the laboratory, trying to get the right adhesive, he came home with several pieces of magnetic tape and several plastic cards.