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 ?
Source Technologies, a leading provider of integrated solutions for managing financial transactions and other secure business processes, announced the availability of its next generation magnetic ink character recognition (MICR) multi-function printer, the IBM Infoprint 1570 MICR 50.
Electronic banking: SRI revolutionized the banking industry with the invention of ERMA (Electronic Recording Machine, Accounting), and magnetic ink character recognition (MICR).
With Solutran's SPIN solution, clients capture the Magnetic Ink Character Recognition (MICR) line and dollar amount information from the POS, submit the data file to Solutran, then ship paper checks to one of Solutran's imaging and archiving centers.
Removable Magnetic Ink Character Recognition (MICR) Toning Station to allow for the printing of secure MICR applications,