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What is MI-CR technology?

Anonymous

∙ 12y ago

Updated: 8/20/2019

MICR (Magnetic Ink Character Recognition)is a technology thet senses characters printed with special ink,found on most bank cheques - cheque numbers written with this special ink.

Wiki User

∙ 12y ago

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Related Questions

Difference between micr and non micr?

Micr is a technology used by banks and other financial businesses that helps recognize if paper documents are real or fake. Non micr just means that a business does not use this technology at all.

What is a micr code?

MICR (Magnetic Ink Character Recognition) is a printing technology used to print alpha-numeric details. MICR Code is printed on cheques and they let cheque processing,easy.for more details visit at:http://www.ifsccodeonline.com/MICR-CODES/

What does MICR stand for?

MICR stands for Magnetic Ink Character Recognition, is a character recognition technology used primarily by the banking industry to facilitate the processing of cheques.

What is a data input technology based on automatic recognition of magnetic ink?

micr(magnetic ink character recognition)

What does micr mean in computer terms?

micr

Where can you find a MICR?

A MICR (Magnetic Ink Character Recognition) line is typically found at the bottom of checks and certain financial documents. It consists of a series of numbers printed in magnetic ink, which allows for automated processing by banks. The MICR line usually includes the bank's routing number, the account number, and the check number. You can also find MICR technology in certain business forms and payment processing systems.

Is micr nunber 000026000 is valid?

This is not avalid MICR code.

Converts MICR characters into a form the computer can process?

MICR Reader converts MICR characters into a form the computer can process

What are the advantages and disadvantages of Magnetic Ink Character Recognition?

Magnetic Ink Character Recognition (MICR) technology offers high accuracy in reading characters due to the unique magnetic properties of the ink used. This makes it particularly useful in banking for processing checks efficiently. However, the setup costs for implementing MICR systems can be high, and the technology is limited to processing specific types of documents with pre-printed MICR characters. Additionally, MICR readers can be susceptible to errors if the characters are poorly printed or damaged.

What is MICR number in demand draft?

what is mean by MICR Drfat / Checque

What is micr?

MICR devices can read:Numbers

What is the meaning of Non Micr cheques?

Defination for NON-MICR CHEQUES

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