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What is the difference between MICR and OCR?
MICR stands for Magnetic Ink Character Recognition. OCR stands for Optical Character Recognition. The former uses magnetic ink, the latter doesn't.
What is a data input technology based on automatic recognition of magnetic ink?
micr(magnetic ink character recognition)
What is a MICR device?
Magnetic Ink Character Recognition
What do the initial micr stands for?
Magnetic Ink Character Recognition
What is micr?
MICR devices can read:Numbers
What does MICR stand for in computer terms?
Magnetic Ink Character Recognition
What is the expansion of MICR on demand draft?
Magnetic ink character recognition
What is the full meaning of MICR and OMR?
MICR(magnetic ink character recognition)
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.
Disadvantages of magnetic ink character recognition?
Magnetic Ink Character Recognition, or MICR, is a widely used method for printing checks, especially in the North America. It uses a special ink with a high content of iron particles to print characters that are then magnetized by a MICR reading machine. This adds an increased level of security to the checks, because it's very hard to counterfeit this kind of print. MICR, however, has some downside
What are the disadvantage of the magnetic ink character?
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.
What is used almost exclusively by the banking industry for check processing?
MICR or Magnetic Ink Character Recognition
