Bat
Microbats make use of magnetoreception, in that they have a high sensitivity to the Earth's magnetic field, as birds do. Microbats use a polarity-based compass, meaning that they differentiate north from south, unlike birds, which use the strength of the magnetic field to differentiate latitudes, which may be used in long-distance travel. The mechanism is unknown but may involve magnetite particles.
Magnetic storage
Magneto-optical recording writes/reads optically. When writing, the magnetic medium is heated locally by a laser, which induces a rapid decrease of coercive field. Then, a small magnetic field can be used to switch the magnetisation. The reading process is based on magneto-optical Kerr effect. The magnetic medium are typically amorphous R-FeCo thin film (R being a rare earth element). Magneto-optical recording is not very popular. One famous example is Minidisc developed by Sony.