Magnetic stripe readers are suitable for most ID software programs. These devices read the data stored on high-coercivity (HiCo) magnetic stripes or low-coercivity (LoCo) magnetic stripes.

There are two major types of magnetic stripe readers:

A Credit card swiper - cards are swiped through the reader;

A Contactless card reader - uses NFC technology to provide contactless payment. 

When you are looking for a magnetic stripe reader, it is important to consider what data capture device is needed for your organization.