MICR


Also found in: Dictionary, Thesaurus, Acronyms, Wikipedia.
Related to MICR: Microsoft

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 ?
A[cedilla] Xerox FreeFlowA Print Server version 7.0 -- the company's most powerful print server is now available on MICR systems; the server delivers expanded workflow capabilities and an easy-to-use interface that is common across all Nuvera systems.
The authors' reviewed 886 cardiac arrests, 218 before MICR training and 668 after MICR training.
"This directly supports the customer in overcoming the primary and singular obstacle to printing bank compliant checks after purchasing the software and blank security check paper--namely, the required MICR ink," Mr.
When personal laser printers were developed by Canon, Xerox, and others during the mid-1980s, it wasn't long before MICR toner cartridges for these printers became available.
- Optional OCR E13B MICR Assist offers maximum recognition accuracy to virtually 100% MICR read rate
Best-practice banks are leveraging cash recycling and MICR printing solutions to recapture manual transaction time for more customer interaction and selling.
If using an external option, it's essential that the customer's MICR line information be associated with the customer's account number.
ACOM's enhancements include toner sensors that prevent MICR check printing unless MICR toner is installed; a three-position keylock switch (MICR On, MICR Off, Printer Off); customized MICR font and toner engineered specifically for use with the Phaser 5400, and an external PCMCIA card reader for secure storage and use of sensitive corporate information such as MICR fonts, signatures, and corporate identity elements.
* The MICR information and the related transaction (sale) information are transmitted to a site where the MICR information is converted into electronic transaction format.
Barton, Atlanta Fed first vice president and chief operating officer, announced that the Federal Reserve will adopt a single standard for MICR (magnetic ink character recognition) detail transmission by mid-2005.
PDS Payroll LLC has released PDS Payroll 2.6.1, which provides several new capabilities, including expansion of accruals and tracking of vacation, holiday and sick leave based upon user definable parameters; magnetic media capability; interface for the optional MICR encoding module to encode and print payroll checks on blank safety stock; automatic signature capability in the MICR encoding module; interface for various popular time and attendance modules; and an interface to WinFiler Plus to automate the reporting for state and federal requirements.