
Apparatus for processing bits of information magnetically recorded on a credit card or similar article. The apparatus includes a slot for receiving the credit card as well as a transducer for reading the bits of information when the card is manually moved thereunder. Circuitry connected to the transducer is operative to read the recorded bits of information. Sensors, provided at each side of the transducer, detect and time the initial movement of the card. An alarm circuit is operative to genera...











