Credit Card Glossary: Terms and Definitions
A card reader is a device that is capable of reading the encoding or chips in plastic cards. Card readers today are very common at the point of sale. For chip cards, this term refers to the area of a chip-enabled terminal where consumers either insert their card for a contact chip card transaction or tap card to initiate a contactless chip card transaction.
Terms from A-Z
Search the CreditCards.com glossary for every credit-related term from "account holder" to "zombie debt." Select a letter for alphabetized terms and definitions.