Some people are, in all sincerity, too smart for their own good. Take this fellow, who MAKE reports on:
Exploring my new Siemens MC 60 mobile, I discovered an interesting feature. It has the ability to record small pieces of sound with its integrated microphone and store them as WAV files, so that you can use them later as personalized ring tones, etc…The recording feature made me think that I might use the mobile as a magnetic stripe reader, just like I did with computers with soundcards. After some tests I had successful results, so here is the process in case you are interested in doing the same.
Impressive.
The Gory Details [deepquest via MAKEblog]
See Also: DIY $40 Magnetic Card Reader for your PC [MAKEzine]