Chargebacks Glossary

Your go-to resource for understanding payment, fraud, and banking terminology with clear definitions from Acquirer to Zero Liability

Card Reader

A card reader is a device used to extract data from a payment card’s magnetic stripe, chip, or NFC (near-field communication) technology. This tool is indispensable in the payments industry, facilitating the physical interaction necessary for card-present transactions. Card readers help guarantee that transactions are authenticated and encrypted, helping boost security against fraud.

Modern card readers are versatile, supporting various forms of payment technology, from traditional magnetic stripes to smart chips and contactless payments. This adaptability improves the checkout process by making it quicker and more user-friendly. It also aligns with consumer preferences for secure and convenient payment options, driving the evolution of the modern retail environment.

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