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Most of the card readers comes with their SDK and it should have OCX to communicate with Card Reader. If OCX is available from that card reader provider, you can look at the events and functions of that OCX for communication.
Otherwise you will have use either windows API or FileRead and FileWrite functions from powerbuilder to open, close and read serialport.
Refer to below link for more detail.
http://groups.google.com/group/sybase.public.powerbuilder.general/browse_thread/thread/f415f86060bfdd9e
http://www.topwizprogramming.com/freecode_ftpedit.html
Thanks,
Sandeep