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What are the advantages and disadvantages of using a magnetic stripe reader?
Wiki User
∙ 8y ago
Magnetic Ink Character Recognition documents are highly legible and very hard to forge. On the downside, MICR devices only recognize a rigid set of specific characters and are considerably costly.
Wiki User
∙ 9y ago
Wiki User
∙ 13y agoMICR stands for Magnetic Ink Character Recognition. It is a system using which magnetic readers can easily identify the bank that issued the cheque and other details reg. the cheque. All banks use MICR codes in their Cheques. The Advantages are:
a. It helps banks process Cheques using machines
b. It helps banks process Cheques in a faster way instead of having to manually verify/validate each of them
Wiki User
∙ 14y agoMagnetic Ink Character Recognition is actually going the way of the Dodo. MICR ink is becoming less common now (it was used extensively for the numbers on the bottom of checks) because of optical character recognition and check imaging used by banks.
Wiki User
∙ 9y agoOne major demerit of Magnetic Ink Character Recognition is that it only recognizes a rigid set of characters. Also, MICR devices are costly and non-viable for most SMEs.
Wiki User
∙ 13y agoa type of scanner that reads magnetic characters for example the ones used in bank cards.
Wiki User
∙ 12y agoBanks use it, to read the account numbers and transit numbers on the bottom of checks, which are printed in magnetic ink.
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What is used to read the information from the magnetic stripe?
Magnetic stripe readers
What reader reads the magnetic stripe on the back of credit cards entertainment cards bank cards and other similar cards?
A magnetic stripe reader is used to read the information stored on the magnetic stripe on the back of cards like credit cards, entertainment cards, bank cards, and other similar cards. The magnetic stripe contains data such as account number and expiration date, which is swiped through the reader to facilitate transactions.
What reads the magnetic stripe on the back of the credit cards?
magstripe reader
contains magnetic stripe that stores information?
A magnetic stripe card contains a magnetic stripe that stores information. Unlike smart cards, magnetic stripe cards are passive devices that contain no circuits. These cards are sometimes called swipe cards: they are read when swiped through a card reader.
Is it illegal to buy a magnetic stripe reader writer?
yes you will go to jail
What are the advantages of a bar code reader?
Advantages:- Putting magnetic stripes on the cards are not expensive,so the cards are cheap.Disadvantages:- Magnetic stripes may get damaged or the stripe reader could break down.Sorry, I couln't think of lots but I got one: It contains up to only a certain amount of letters and words :)magnetic card readers operate on magnetic strips, which are inherently susceptable to erasure, it doesn't happen often but it does happen, there are more advantages than disadvantages. another disadvantage is that mag card readers take a lot of wear and tear, the read heads must meet the card with direct tension and precision. the read heads are usually impregnated with diamond dust to prevent wear on the heads so they may read millions of swipes without significant wear that would widen the swipe gap, this diamond dust tends to wear the mag stripe out on the card quicker than the head wears away. mag cards have three areas for data to be stored and these areas vary in bits per inch that may be written to the the areas. more precision is required for higher rates of data bpi. rfid is fast replacing magstripe, it has a more robust security protocol, isn't affected by enviroment and is as compact as the magstripe.
What is a magnetic stripe used for?
no one knows why they just r sorry 4 the lame answer but i can't find it anywhere
When was Magnetic stripe card created?
Magnetic stripe card was created in 1960.
Can magnetic card reader resert the pin code inside the card?
Pin numbers are not stored in the magnetic stripe on cards. This would make it too easy for thieves to use a code reader to get your pin. The pin is stored on the banks computer.
Where are the disadvantages of magnetic stripes?
Magnetic Stripe technology is one of the most universal methods in Automatic Identification and Data Capture (AIDC) industry. This technology is very much established and has been developed for quite a long time. Magnetic stripe technology is used everywhere
What is a stripe card that contains information identifying you and the card?
magnetic stripe
The use of a magnetic stripe reader?
The data stored on a credit or debit card is stored not only in the metallic chip - but also on a magnetic strip on the rear of the card. Magnetic card readers read the data from the strip on the card, instead of the embedded chip.
