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104 bits is about one-tenth as much as a Magnetic Stripe Card
In other words, it's 0.1 times the amount of a Magnetic Stripe Card, and the amount of a Magnetic Stripe Card is 10 times that amount.
(maximum capacity; per ISO 7811 specification)
The storage capacity of a magnetic stripe on a credit or identification card is about 1,000 bits. According to legend, Forrest Parry, the IBM engineer who developed the first magnetic stripe card in 1960, was able to solve the problem of adhering the strip to the card after his wife suggested using an iron.
There's more!
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