MICR is used to facilitate the processing of cheques in banking systems. the data is typed in magnetic ink, mostly iron oxide which can be detected by a magnetic ink character reader and processed.
Magnetic Force
no one knows why they just r sorry 4 the lame answer but i can't find it anywhere
Not magnetic
Magnetic: Fridge magnet Non magnetic: Milk
MICR stands for magnetic ink character reader
AnswerOCR (optical character recognition) software for processing bank cheques and routing transactions to the correct ABA bank numbers and account numbers
MICR is used to facilitate the processing of cheques in banking systems. the data is typed in magnetic ink, mostly iron oxide which can be detected by a magnetic ink character reader and processed.
The reader understands the character's feelings.
The reader understands the character's feelings.
The magnetic card reader will require a credit or debit card to make contact with the reader. The magnetic card reader will read the numbers off of the card once contact is read in order to submit a debit entry from the card to the officiating bank.
The input and output devices of a computer are normally abbreviated as I/O devices.There are a variety of input units,which are used by computers.THE MOST COMMONLY USED UNIT OF THIS TYPE IS A KEYBOARD AND A MOUSE OF A DESKTOP COMPUTER.Special purpose units are scanners,magnetic ink character reader,optical mark reader,optical character reader and bar code reader.
A magnetic card reader is a device which reads information contained in a encrypted sequence on a magnetic strip. Such as a credit card reader, or Driverse License reader. Hotel Door locks now commonly have a magnetic card reader attached to replace the old fassioned key, since the cards are so cheap to make, and can be remade even if the original is lost.
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Magnetic stripe readers
A magnetic card reader/magnetic reader your credit card has lots of little squares on the black strip. Each one is magnetised or not. this represents 1/0 binary. 8 of these make a byte. the magnetic card reader detects these little 1/0 dots and turns them into numbers.
A magnetic stripe reader is used to read the information stored on the magnetic stripe on the back of cards like credit cards, entertainment cards, bank cards, and other similar cards. The magnetic stripe contains data such as account number and expiration date, which is swiped through the reader to facilitate transactions.