Magnetic Ink Character Recognition (MICR) is a recognition technology based on the characters printed with the magnetic ink or toner and processed by being magnetized and sensed magnetically. MICR characters are printed information on documents so that the code line information can be captured by magnetic recognition.
In the bottom line on all cheques printed and used in many counties worldwide is printed using a specific fonts like CMC-7 or E-13B using the special ink called magnetic ink. MICR line on a cheque allows the cheque information to be automatically read by inexpensive scanner/reader machine. This is the only way the huge numbers of cheques can be processed each day.
In the MICR line following codes are used:
In the bottom line on all cheques printed and used in many counties worldwide is printed using a specific fonts like CMC-7 or E-13B using the special ink called magnetic ink. MICR line on a cheque allows the cheque information to be automatically read by inexpensive scanner/reader machine. This is the only way the huge numbers of cheques can be processed each day.
In the MICR line following codes are used:
- Cheque serial number
- Bank's routing numbers
- Account number
- Transaction code number
No comments:
Post a Comment