Definitions for "MAGNETIC STRIPE READER"
Keywords:  stripe, reader, debit, read, swipe
See Credit Card Reader
A device which reads information recorded on the magnetic tracks of an identification card.
A point-of-sale device that reads the encoded information from the magnetic stripe when the card is passed through the reader. Readers may read Track Two, which contains the cardholder account number and expiration date, or both Track Two and Track One, which contains the cardholder name.