"Have you ever wondered what information is actually stored on all those cards you have in your wallet? Well, it turns out you can find out yourself! An excellent project, Stripe Snoop started by Billy Hoffman, a Georgia Tech computer science student, contains schematics, source code and a wide variety of information about the standards used to store all sorts of information on your magnetic cards."

This reads much like the RFID2 shamble where a malicious user can find out the details on your RFID card by using a hand held scanner. "Crypto-enabled RFID products, including Mobil SpeedPass and various car keys, have been defeated utterly by Avi Rubin, et. al. Details are at rfidanalysis.org. An academic paper is also available."