Magnetic Ink Character Recognition


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Related to Magnetic Ink Character Recognition: Optical Mark Reader, Barcode reader

Magnetic Ink Character Recognition

(business, printer)
(MICR) A character recognition system using special ink and characters which can be magnetised and read automatically.

MICR is used almost exclusively in the banking industry where it is used to print details on cheques to enable automatic processing.
References in periodicals archive ?
Founded in 1987, Rosetta Technologies is dedicated to developing and marketing the world's most technically advanced printers, consumables, and software for magnetic ink character recognition (MICR) applications.
Intelligent endorsement capability utilizes Magnetic Ink Character Recognition (MICR) data to adjust pre-scan endorsement.
And last year it became certified by the Indian Banks' Association (IBA) as a security printer for printing magnetic ink character recognition (MICR) instruments for its member banks (see HN May 2018).
The new automated approach is expected to use a cryptographic protocol, a one-way identifier - called a HASH - which uses an algorithm to combine a random number with magnetic ink character recognition (MICR) data.
With high-quality image scanning, precise magnetic ink character recognition (MICR) accuracy and reliable item handling, the CR-L1 check transport can help distributed check processing.
Deposits can be made online and disbursals can be made by checks printed and mailed by FIS, checks printed at the lawyer's office using magnetic ink character recognition (MICR) toner, automated clearinghouse (ACH) transfer, or wire transfer.
Additionally, a string of 20 random characters will be added on the magnetic ink character recognition (MICR) band of the cheque leaf using non-MICR ink.