MICR


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MICR

MICR

MICR

(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.)
References in periodicals archive ?
The TROY WF-3520 MICR SecureUV Printer provides smaller companies with low print volumes a great opportunity to take advantage of multiple TROY inks in the same unit.
TROY is an accredited HP partner and the TROY MICR 3015 printers have been certified by HP, contributing to a higher level of quality and ease of implementation.
The Infoprint 1570 MICR 50 prints up to 50 pages per minute and offers audit trail reporting, lockable paper tray options, software and hardware password controls, and MICR toner sensing.
To guarantee the best MICR print quality, the ST9116 comes with Source Technologies' originally manufactured MICR toner cartridges.
Bringing the industry's first MICR ink jet printer to market requires the assistance of various companies possessing the highest level of expertise in such areas as electrical and mechanical engineering, ink jet technology, manufacturing, and sales and marketing.
The Source Technologies HP EX series MICR toner cartridge meets all ABA standards and is manufactured under the international Standard ISO 9002 approved quality process.
Like other Xerox MICR printing solutions, the new midrange MICR printers produce checks and other negotiable documents in a single pass on blank, cut-sheet security paper.
In addition to securing the information within the printer, Source Technologies provides a Front Panel Password Lock that requires a user to enter an eight digit combination to enable MICR printing.
Check scanners used in distributed capture environments require MICR read assist technology to achieve desired performance," says Ray Higgins, director of Business Development for Silver Bullet.
We view IBM's selection of our MICR technology as an endorsement of our belief in the market opportunity for MICR-capable products.
Printing checks securely and on-demand using MICR toner and blank check stock has often been too costly for small companies and small remote branches or offices of larger organizations that did not have the check volumes to justify the purchase.