Question

Write a note on Magnetic Strip Reader and MICR

Answer 1

A magnetic stripe reader, also called a magstripe reader, is a hardware device that reads the information encoded in the magnetic stripe located on the back of a plastic badge. Magnetic stripe readers can be read by a computer program through a serial port, USBconnection, or keyboard wedge , and are generally categorized by the way they read a badge

Magnetic Ink Character Recognition Code(MICR Code) is a character-recognition technology used mainly by the banking industry to ease the processing and clearance of cheques and other documents

Answer 2

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.