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I read an web page and it said it is found on the bottom cheques
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∙ 10y ago
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We are most likely to come across MICR(Magnetic Ink Character Recognition) in the Bank. The bank enables them to process 300 cheques per minute with 100% accuracy. Hope This Helped You A Lot
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Which device is used to read cheques?
Many devices may scan the MICR line for various reasons. Before a check is negotiated at the bank the teller may run the check through a PPS machine to gauge the account validity. While, later on, it may be ran through a MICR line scanner which will tell if the MICR line is legitimate or has been altered for forged. Most likely of all, it will be scanned by a Image Capture machine and then be sent to the drawee bank for collection; made possible by the Check Processing for the 21st Century Act of 2003 (USA).
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