http://smallbusinessmerchantaccounts.org/when-a-magnetic-stripe-reader-msr-reads-data-where-does-it-send-info-and-how-does-it-get-it-there.htm Sat, 19 May 2012 14:54:48 +0000 http://wordpress.org/?v=2.7.1 hourly 1 http://smallbusinessmerchantaccounts.org/when-a-magnetic-stripe-reader-msr-reads-data-where-does-it-send-info-and-how-does-it-get-it-there.htm/comment-page-1#comment-2561 Cliff P Fri, 28 May 2010 16:06:00 +0000 http://smallbusinessmerchantaccounts.org/when-a-magnetic-stripe-reader-msr-reads-data-where-does-it-send-info-and-how-does-it-get-it-there.htm#comment-2561 Once the information leaves the the machine it goes to a credit card processing network. The network sends the card to the issuers network to verify the card. Usually the issuer marks the account at that moment for the pending funds. Then the ach withdrawal takes place from the issuer through the feds and back to the merchant. Once the information leaves the the machine it goes to a credit card processing network. The network sends the card to the issuers network to verify the card. Usually the issuer marks the account at that moment for the pending funds. Then the ach withdrawal takes place from the issuer through the feds and back to the merchant.

]]> http://smallbusinessmerchantaccounts.org/when-a-magnetic-stripe-reader-msr-reads-data-where-does-it-send-info-and-how-does-it-get-it-there.htm/comment-page-1#comment-2562 prefered_guy Fri, 28 May 2010 16:06:00 +0000 http://smallbusinessmerchantaccounts.org/when-a-magnetic-stripe-reader-msr-reads-data-where-does-it-send-info-and-how-does-it-get-it-there.htm#comment-2562 It works on the same way as the tape recorder does. In the recorder has a roller which moves the cassette tape over the head(which reads the data from the magstripe). In this case the motion of the card swipe moves the card over the head in the credit card/debit card reading machine. The head is a tiny electromagnet. When the card is swiped on the head it creates a flux which creates electric impulses which is then transfer through telephone wires to the database and the transaction is made. It works on the same way as the tape recorder does.
In the recorder has a roller which moves the cassette tape over the head(which reads the data from the magstripe). In this case the motion of the card swipe moves the card over the head in the credit card/debit card reading machine.
The head is a tiny electromagnet. When the card is swiped on the head it creates a flux which creates electric impulses which is then transfer through telephone wires to the database and the transaction is made.

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