What's On Your Hotel Keycard

Lam1969 writes "From Robert Mitchell's blog on Computerworld: '... Wallace, IT director at AAA Reading-Berks in Wyomissing, Penn. has been bringing a card reader with him on business trips to see what's on the magnetic strips of his hotel room access cards. To his dismay, a surprising number have contained his name and credit card information - and in unencrypted form.' " Update: 09/20 19:10 GMT by J : Snopes, as of two months ago, says this is false.