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The Learning Center
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GLOSSARY TERMS
Terms that begin with M
Magnetic-Stripe ReaderWhen 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
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