A system and method of validating electronic encoded information from magnetic stripe card data transmitted as electronic stripe data includes a lump transmission stream. The lump transmission stream is read by at least two track channel readers each of which recognizes and reads only data corresponding to data to be read from a respective magnetic stripe represented in the lump transmission stream, which has data read from two tracks of magnetic card stripes. One track channel reader reads the first portion of the lump stream and discards the second portion of the stream, the second track channel reader reads the second portion of the stream and discards the first portion of the stream.