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PAX Technology S90 credit card terminal with a Visa card inserted.. A payment terminal, also known as a point of sale (POS) terminal, credit card machine, card reader, PIN pad, EFTPOS terminal (or by the older term as PDQ terminal which stands for "Process Data Quickly" [1]), is a device which interfaces with payment cards to make electronic funds transfers.
A card reader is a data input device that reads data from a card-shaped storage medium and provides the data to a computer. Card readers can acquire data from a card via a number of methods, including: optical scanning of printed text or barcodes or holes on punched cards, electrical signals from connections made or interrupted by a card's punched holes or embedded circuitry, or electronic ...
An IBM 80-column punched card of the type most widely used in the 20th century IBM 1442 card reader/punch for 80 column cards. A computer punched card reader or just computer card reader is a computer input device used to read computer programs in either source or executable form and data from punched cards.
In June 2015, Apple announced Square would release a reader device capable of accepting Apple Pay and other contactless payments. [35] In the same year, Square launched a reader for Android and iOS that accepts contactless and chip card payments. [36] Additionally, the firm launched Square Payroll for small business owners to process payroll. [37]
There are 80 contacts, one for each column on a standard IBM punched card. Input hopper for the IBM 1402's card punch Cables entering the back of the IBM 1402. The IBM 1402 was a high-speed card reader/punch introduced on October 5, 1959 as a peripheral input/output device for the IBM 1401 computer.
The maximal read/write distance between card and reader is 10 centimetres (3.9 in), but the actual distance depends on the field power generated by the reader and its antenna size. In 2010, NXP announced the discontinuation of the MIFARE DESFire (MF3ICD40) after it had introduced its successor MIFARE DESFire EV1 (MF3ICD41) in late 2008.
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