A system for a baseband near field magnetic stripe data transmitter includes a mobile phone and a magnetic stripe transmission (MST) device. The mobile phone transmits a stream of pulses including magnetic stripe data of a payment card. The magnetic stripe transmission (MST) device includes a wave shaper, a driver and an induction device. The MST device receives the stream of pulses from the mobile phone, shapes and amplifies the received stream of pulses and generates and emits high energy magnetic pulses including the magnetic stripe data. The emitted high energy magnetic pulses are picked up remotely by a magnetic read head. The MST device shapes the stream of pulses to compensate for shielding, eddy current losses and limited inductance value of the magnetic read head.