Card strip reader

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Stripe Terminal readers

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What is a Magnetic Stripe Reader? - Definition from Techopedia

A magnetic stripe reader is a device designed to read the information stored within the magnetic stripe of special cards such as credit cards and ATM cards. The magnetic stripe is usually located on the back of the card or badge and contains the account details of the person who owns the card. This information is then verified in real time with the issuer of the card. Magnetic stripe readers are a type of data capture device that reads information through contact with a magnetic stripe, which is often part of a card or badge. The idea for the magnetic striped card is accredited to Forrest Parry, an IBM engineer, who simply sticky-taped a strip of magnetic tape onto a piece of cardboard in
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Magnetic stripe card

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A magnetic stripe card is a type of card capable of storing data by modifying the magnetism of tiny iron-based magnetic particles on a band of magnetic material on the card. The magnetic stripe, sometimes called swipe card or magstripe , is read by swiping past a magnetic reading head. Magnetic stripe cards are commonly used in credit cards , identity cards , and transportation tickets. Magnetic recording on steel tape and wire was invented in Denmark around for recording audio.
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