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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).
Wiki User
∙ 14y ago
Wiki User
∙ 11y agoMICR, (magnetic ink character reader), was the original device. It is also known as a reader/sorter.
But now OCR (optical character recognition) software working with a physical camera of some sort is the leading tool, as it allows for local capture of the whole image and transmission of the image for clearing rather than moving and sorting the physical check.
This saves cost and time-to-presentment of the check.
Wiki User
∙ 12y agoIt is called a MICR Reader. MICR stands for Magnetic Ink Character Recognition. It is used by banks to identify the details like customer account number, bank branch code, bank code etc. almost all banks worldwide use these MICR numbers in their checks and demand drafts.
The MICR Reader can read all the information that is written in the corresponding format in a cheque.
Wiki User
∙ 11y agoMICR (Magnetic Ink Character Recognition)
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Abbreviation for the device that can read characters from cheques?
MICR
Which device is used to read details from the bank cheques and demand draft?
MICR( Magnetic Ink Character Recognition)
What device is used for reading numbers written on bank cheques?
MICR (Magnetic Ink Character Recognition)
Is 'reading data on bank cheques' manual input device or direct data entry device?
It's 'manual' input. Because someone has to physically 'feed' the cheques though the reader.
What methods can be used to deposit cash and cheques to a business bank account?
By usin cheques,it can be a cross cheques or open cheques
What can be used to read data from cheques in banks?
Banks use special MICR (Magnetic Ink Character Reader) device to read data from cheques. These machines are designed to place a set of cheques on its tray. Each cheque pass through the machine one by one automatically. At this point, an image of the cheque scanned into a computer (similar to a scanner and the image is typically black & white) while characters written in special magnetic ink will be read parallel to the scanning and stored in another file as a textual record. The machine itself generate a number to identify the image and its relevant record. Following video will be very helpful to understand cheque reading in banks.
Where are MICR devices most likely to be found?
I read an web page and it said it is found on the bottom cheques
What can be paid for using cheques?
Cheques, or checks in American-English, can be used for virtually anything. They can be used to pay bills, pay for goods at a store, and even as pay for services rendered by a peer.
Which equipment is used to capturing data from cheques?
Primarily - Optical Character Recognition (OCR) software. OCR uses a miniature version of a photocopiers 'read head' to scan a cheques pre-printed iinfo (account number, sort code, cheque number etc). The amount of the cheque still has to be manually entered.
What type of mechanism or device is used to read the data from a CD?
A CD-ROM drive.
Which device used to read books has a boy reading a book under a tree for a logo?
weGH6
Why cheques are not considered as part of money supply?
what is a cheques
