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What’s an MSR? – Learn Everything About MSR’S (Magnetic Stripe Readers) at WLGS
An MSR (Magnetic Stripe Reader) is a device used to read the information stored on the magnetic stripe of credit cards, debit cards, and other similar cards. The magnetic stripe on the back of these cards typically contains essential cardholder information, including:
- Cardholder’s Name: The name of the person to whom the card is issued.
- Card Number: The primary account number (PAN) uniquely identifying the cardholder’s account.
- Expiration Date: The date until which the card is valid.
- Service Code: A three-digit code indicating the card’s usage and acceptance parameters.
- Discretionary Data: This section may contain additional information, such as the card’s issue number and country code.
MSR devices are commonly used in various industries, including retail, hospitality, and financial services, to quickly and accurately capture card information during transactions. They work by reading the data encoded on the magnetic stripe and sending it to a computer or point-of-sale terminal for processing. This data is then used to authorize and complete the transaction.
It’s important to note that the use of MSR devices must adhere to strict legal and ethical guidelines to prevent misuse and fraud. Unauthorized or illegal use of MSR technology for card swiping can lead to criminal charges and severe penalties.
Magnetic Stripe Card: Definition, How It Works
MSR Magnetic Reader.
