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MICR

   Also found in: Dictionary/thesaurus, Acronyms, Hutchinson 0.03 sec.

(Magnetic Ink Character Recognition) The machine recognition of numeric data printed with magnetically charged ink. It is used on bank checks and deposit slips. MICR readers detect the characters and convert them into digital data. Although optical methods (OCR) became as sophisticated as the early MICR technology, magnetic ink is still used. It serves as a deterrent to fraud, because a photocopied check will not be printed with magnetic ink.

MICR Font
The E13B standard font is used for MICR digits and symbols on bank checks and deposit slips. There are only 14 characters in the font.


Early MICR Machine
The "football field-long" machine from Recognition Equipment was used in the 1970s to process checks and credit card slips. (Image courtesy of BancTec, Inc.)


Today
This contemporary machine supports both MICR and OCR processing. (Image courtesy of BancTec, Inc.)

MICR - Magnetic Ink Character Recognition
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selected by Xerox to MICR-enhance the corporation's Phaser black-and-white laser printers for MICR laser checks and other sensitive financial documents and instruments, has now completed the MICR-enhancement engineering for Xerox' advanced Phaser 5400 printer and will begin shipping the Xerox Phaser 5400 MICR-Enhanced Laser Printer Solution from ACOM this month; it was announced by Gregory T.
ACOM INTROS MICR-ENHANCED XEROX PHASER 5400 LASER PRINTER by EDP Weekly's IT Monitor
Source Technologies' Payment Solutions division introduced e-DocSecure for wholesale lending and three new MICR printers, including the ST9510 27ppm desktop MICR printer, ST9550 50ppm workgroup MICR printer, and the ST9551 secure multi-function MICR printer (MFP).
Source Technologies Broadens Client Base, Strengthens Key Partnerships by Business Wire
Expands line of cost-effective MICR printing solutions and meets the needs of lower-volume check printing applications
Source Technologies Announces IBM Infoprint 1570 MICR 50 ... by Business Wire
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