magnetic stripe reader
Definition
Data capture device that reads information via contact with a card carrying a magnetic stripe. Also called card swipe machine or just swipe machine because the card must be passed (swiped) through a slot for reading the stored information.
magnetic stripe reader is in the Banking, Commerce & Finance and E-Commerce subjects.
magnetic stripe reader appears in the definitions of the following terms:
point of sale terminal,
swipe discount rate,
bank card,
card swipe machine,
electronic commerce (E-Commerce),
smart card,
magnetic stripe,
data encryption standard (DES),
machine readable,
swipe
and
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