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encode payment information on magnetic tape

Magnetic stripe card — An example of the reverse side of a typical credit card: Green circle #1 labels the Magnetic stripe A magnetic stripe card is a type of card capable of storing data by modifying the magnetism of tiny iron based magnetic particles on a band of… … Wikipedia
MPEG-2 — Not to be confused with MPEG 1 Audio Layer II (MP2). MPEG 2 is used in Digital Video Broadcast and Digital Versatile Discs. The MPEG transport stream, TS, and MPEG program stream, PS, are container formats. MPEG 2 is a standard for the generic… … Wikipedia
Year 2000 problem — Y2K redirects here. For other uses, see Y2K (disambiguation). The (French) sign reads 3 January 1900 instead of 3 January 2000 The Year 2000 problem (also known as the Y2K problem, the Millennium bug, the Y2K bug, or simply Y2K) was a problem for … Wikipedia
Card reader — A card reader is a data input device that reads data from a card shaped storage medium. Historically, paper or cardboard punched cards were used throughout the first several decades of the computer industry to store information and write programs … Wikipedia
Dolby Digital — logo Dolby Digital is the name for audio compression technologies developed by Dolby Laboratories. It was originally called Dolby Stereo Digital until 1994. Except for Dolby TrueHD, the audio compression is lossy. The first use of Dolby Digital… … Wikipedia