From Microchip Technology, Inc.

Many people carry one or more magnetically encoded cards with them for accessing a range of services. Perhaps the most common example is the credit card or bank ATM card, but increasingly they are being used for access control, employee time logging, customer loyalty schemes, club membership and other applications. This application note describes data formats found on these cards, and details an algorithm to decode that data with suitable hardware.
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Microcontrollers (MCU)
Microcontrollers (MCU) are complete computer systems on a chip. They combine an arithmetic logic unit (ALU), memory, timer/counters, serial port, input/output (I/O) ports and a clock oscillator.

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