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.