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POS Articles >> Magnetic Stripe Reader - A Popular POS Component
Magnetic Stripe Reader - A Popular POS Component
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What is a Magnetic Stripe Reader?
Magnetic Stripe Readers are point-of-sale (POS) devices used for interpreting data encoded on a magnetic stripe card.
Millions of magnetic stripe readers, magnetic stripe check readers are installed worldwide. Magnetic Stripe Readers are used mostly for security and financial transaction purposes. They are also used in financial institutions, retail stores, telecommunication companies, kiosks, gaming, transit, schools, sports and recreation facilities and clubs for identification and transportation purposes.
What is a Magnetic Stripe Card?
There are two types of magnetic stripe cards: slurry applied cards and hot foil cards. Slurry applied stripes are generally less expensive to produce but they are of lower quality. These cards typically would not comply with the standards for payment and other cards mentioned elsewhere in this article.
Magnetic stripe cards are manufactured in accordance to ISO specifications like - ISO 7810, ISO 7811, ISO 7812, ISO 7813, and ISO 4909. These specifications define the physical properties of the card, including size, flexibility, location of the magstripe (magnetic stripe), and magnetic characteristics.
How does a Magnetic Stripe Reader Work?
Magnetic stripe readers work by reading the magnetic tape adhered to credit cards, badges, permits, passes and tokens. The information in the magnetic tape can range from account information, credit information etc. The tape is read by magnetic stripe readers incorporated into ATMs, identification readers and payment terminals and forwarded to the central data processing services.
Due to frequent use these cards suffer from damages. That's why the digital recording on the stripe is in a very low-density format and often duplicated several times in case part of the stripe becomes damaged.
Magnetic Stripe Reader as a POS Device
The magnetic stripe readers are available in different models and sizes. The full size magnetic stripe readers are available with built-in keyboard wedge interface which are able to read credit card information directly into a PC's draft capture program.
The magnetic stripe readers are also available in various formats like - TTL, RS-232, USB/keyboard and keyboard wedge interfaces.
USB magnetic stripe readers can be programmed to divide, rearrange, edit, and validate data. They automatically distinguish AAMVA and CA DMV data formats. They provide exceptional functionality and value in the smallest possible package, and are able to read upto two or three tracks of information with a single swipe in either direction in an easy to use standard-length slot.
PointOfSaleComponent.com is your perfect guide to purchase suitable magnetic stripe readers from world class brands such as ID-Tech and Magtek, at the most competitive price.
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