The Learning Center
# - A - B - C - D - E - F - G - H - I - J - K - L - M - N - O - P - Q - R - S - T - U - V - W - X - Y - Z
Terms that begin with M

Magnetic-Stripe Reader

When a credit card company issues a debit or credit card they attach a magnetic stripe to the back of the card which has personal and account information required to process an electronic transaction.  A magnetic-stripe reader is the device that reads the information from the magnetic stripe and transmits that information to a transaction processor or computer terminal. It may also be referred to as card reader.

Previous Credit Card Term: Magnetic Stripe

Next Credit Card Term: Magnetic-Stripe Terminal

* See the online credit card application for details about terms and conditions. Reasonable efforts are made to maintain accurate information. However all credit card information is presented without warranty. When you click on the "Apply Here" button, you can review the credit card terms and conditions on issuers website.