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micr(magnetic ink character recognition)
Magnetic Ink Character Recognition
Magnetic Ink Character Recognition
MICR stands for Magnetic Ink Character Recognition. OCR stands for Optical Character Recognition. The former uses magnetic ink, the latter doesn't.
Magnetic ink character recognition
MICR devices can read:Numbers
Magnetic Ink Character Recognition
MICR(magnetic ink character recognition)
MICR stands for Magnetic Ink Character Recognition, is a character recognition technology used primarily by the banking industry to facilitate the processing of cheques.
One major demerit of Magnetic Ink Character Recognition is that it only recognizes a rigid set of characters. Also, MICR devices are costly and non-viable for most SMEs.
MICR or Magnetic Ink Character Recognition
Magnetic Ink Character Recognition