Mag readers are mostly 3 wire systems. I replaced them many times in ATMs and gas pumps as well as time clocks. You would be better off buying an OEM replacement for a machine like that since its wires and not USB. But I would think you could snip the end and find its very much the same. If you wanted another route you can look at this
http://www.ebay.com/itm/Magnetic-Stripe-Card-Reader-Magtek-21045002-/110747797136?pt=LH_DefaultDomain_0&hash=item19c9154690
Or many others like it on ebay. Although I've never seen one with so many wires so it code be a dual reader.