What reader reads the magnetic stripe on the back of credit cards entertainment cards bank cards and other similar cards?
The reader that reads the magnetic stripe on the back of credit cards and other similar cards are called credit card reader.
A magnetic card reader is a device which reads information contained in a encrypted sequence on a magnetic strip. Such as a credit card reader, or Driverse License reader. Hotel Door locks now commonly have a magnetic card reader attached to replace the old fassioned key, since the cards are so cheap to make, and can be remade even if the original is lost.
A magnetic strip reader does exactly what it says: it reads the magnetic strip on the card that the strip is attached to. The most common cards with magnetic strips are of course debit and credit cards, but the usage of magnetic strip readers is much wider. A number of ticket solutions, for instance for parking, coffee machines or toll roads also use magnetic strips. The information that is read by the reader depends very…
A credit card reader is a piece of hardware that is designed to interpret the contents of a magnetic strip or smart chip located on or in a credit or debit card. Many credit card readers also have software (sometimes known as firmware) associated with the device so changes in format or alterations in volume of information may be accommodated without physically replacing the reader.
Information is stored on a credit card in binary form (1's and 0's) encoded and stored as magnetic bits. (using positive polarity and negative polarity) The information is read by a system very similar to the old school tape reader heads like those used by audio and video cassettes. Newer cards use RFID chips, which emit the card information using a low-power RF emitter (similar to bluetooth).
magnetic ink character reader as defined by the ANSI is the common machine language specification for paper based payment transfer data. The MICR technology is primilarily used by banking industry to facitilate the processing cheques.the technology allow the computer to read the information such as accont no. off printed document unlike barcodes or similar technologies . however MICR character are easily read by human
The purpose of Chip and PIN is to help credit or debit card transactions to be handled smoothly. Under this technology, the card is "swiped" through a magnetic reader, reading the magnetic strip on the card, or the clerk makes an imprint from the raised text of the card. After either process is completed, the clerk verifies the customer's signature with the signature on the back of the card.