Demodulator for binary-phase modulated signals having a variable clock rate

Method and apparatus for demodulating binary-phase modulated signals recorded on a magnetic stripe on a card as the card is manually inserted into a card reader. Magnetic transitions are sensed as the card is read and the time interval between immediately preceeding basic transitions determines the duration of a data sampling pulse which detects the presence or absence of an intermediate transition pulse indicative of two respective logic states. The duration of the data sampling pulse is approximately 75 percent of the preceeding interval between basic transitions to permit tracking succeeding time differences in basic transition intervals of up to approximately 25 percent.