Question: What is the name of this type of credit card capable of storing data by modifying the magnetism of tiny iron-based magnetic particles and invented by Forrest Parry?
Context: Forrest Corry Parry (July 4, 1921 – December 31, 2005) was the IBM engineer who invented the Magnetic stripe card used for Credit cards and identification badges. In computing (specifically data transmission and data storage), a block, sometimes called a physical record, is a sequence of bytes or bits, usually containing some whole number of records, having a maximum length, a "block size".  Data thus structured are said to be "blocked".  The process of putting data into blocks is called "blocking", while "deblocking" is the process of extracting data from blocks.  Blocked data is normally stored in a data buffer and read or written a whole block at a time.  Blocking reduces the overhead and speeds up the handling of the data-stream.  For some devices such as magnetic tape and CKD disk devices blocking reduces the amount of external storage required for the data.  Blocking is almost universally employed when storing data to 9-track magnetic tape, to NAND flash memory, and to rotating media such as floppy disks, hard disks, and optical discs. Interchange Plus is the common name for a pricing structure for accepting credit card transactions by merchants.  The Interchange fee is an important factor in determining the actual cost of accepting credit cards.  Interchange pricing is what the Visa and MasterCard associations along with credit card issuing banks charge merchant account providers to process credit and debit card transactions.  Merchant Account providers then charge a markup on interchange known as interchange plus pricing to process the transaction and provide customer service to the merchant accepting the credit or debit card payment.  Interchange Plus pricing is known as the most honest and transparent form of pricing for merchants looking to accept credit cards.  There are a lot of credit card processing companies that only offer interchange plus pricing. Tape hiss is the high frequency noise present on analogue magnetic tape recordings caused by the size of the magnetic particles used to make the tape.  Effectively it is the noise floor of the recording medium.  It can be reduced by the use of finer magnetic particles or by increasing the amount of tape used per second to record a signal.  It can also be reduced by increasing the track width of the recording.  A 3 dB reduction in hiss occurs for every doubling of the track width. Credit card fraud is a wide-ranging term for theft and fraud committed using or involving a payment card, such as a credit card or debit card, as a fraudulent source of funds in a transaction.  The purpose may be to obtain goods without paying, or to obtain unauthorized funds from an account.  Credit card fraud is also an adjunct to identity theft.  According to the United States Federal Trade Commission, while the rate of identity theft had been holding steady during the mid 2000s, it increased by 21 percent in 2008.  However, credit card fraud, that crime which most people associate with ID theft, decreased as a percentage of all ID theft complaints for the sixth year in a row. Postal address verification (also known as address standardization, address validation, address verification and CASS certification) is the process used to check the validity and deliverability of a physical mailing address.  According to the United States Postal Service, an address is valid (or mailable) if it is CASS-certified, meaning that it exists within the comprehensive list of mailable addresses in their Address Management System.  This is different from the credit card Address Verification System (AVS), which is the method used by credit card processors to authenticate ownership of a credit card by verifying that the account on the credit card matches the billing address on file.  Credit card AVS does not determine deliverability of an address. VisionPLUS is a financial software application from First Data Corporation.  Originally developed by the Paysys Research and Development Group, this application is mainly used for credit card transaction processing by banks and transaction processing companies, storing and processing credit card, debit card, prepaid, closed end loan accounts and similar financial transactions such as Visa, MasterCard, American Express, Europay, and private label transactions against those accounts.  More than 600 million cards around the world are processed on different versions of this application software. The Active Archive Alliance is a trade association that promotes a method of tiered storage which gives the user access to data across a virtual file system that migrates data between multiple storage systems and media types including solid-state drive/flash, hard disk drives, magnetic tape, optical disk, and cloud.  The result of an active archive implementation is that data can be stored on the most appropriate media type for the given retention and restoration requirements of that data.  This allows less time sensitive or infrequently accessed data to be stored on less expensive media, and eliminates the need for an administrator to manually migrate data between storage systems.  Additionally since storage systems such as tape libraries have very low power consumption, the operational expense of storing data in an active archive is greatly reduced. A magnetic stripe card is a type of card capable of storing data by modifying the magnetism of tiny iron-based magnetic particles on a band of magnetic material on the card.  The magnetic stripe, sometimes called swipe card or magstripe, is read by swiping past a magnetic reading head.  Magnetic stripe cards are commonly used in credit cards, identity cards, and transportation tickets.  They may also contain an RFID tag, a transponder device and/or a microchip mostly used for business premises access control or electronic payment. A tape head is a type of transducer used in tape recorders to convert electrical signals to magnetic fluctuations and vice versa.  They can also be used to read credit/debit/gift cards because the strip of magnetic tape on the back of a credit card stores data the same way that other magnetic tapes do.  Cassettes, reel-to-reel tapes, 8-tracks, VHS tapes, and even floppy disks and modern hard drive disks all use the same principle of physics to store and read back information.  The medium is magnetized in a pattern.  It then moves at a constant speed over an electromagnet.  Since the moving tape is carrying a changing magnetic field with it, it induces a varying voltage across the head.  That voltage can then be amplified and connected to speakers in the case of audio, or measured and sorted into '1's and zeroes in the case of digital data.
Answer: Magnetic stripe card