Magnetic ink character recognition. system designed primarily for processing checks in which special ink is used so that some preprinted data can be entered automatically.
Acronym for magnetic ink character recognition. MICR numbers are printed on checks, deposit slips and other forms and can be read by special processing equipment. This equipment provides high-speed processing and sorting of MICR-encoded items. iddle Office In the financial services industry, the term is used to describe the departments in a bank or brokerage house where positions are monitored and managed, such as the Risk Management and Compliance areas.
Magnetic Information Character Recognition. Imprinted banking numbers (routing/transit number, checking account number, check number) at the bottom of the check.
Machine recognition and digitization of magnetically charged characters printed on paper (typically bank drafts and deposit slips).
Magnetic Ink Character Recognition. Ink that can be scanned by Optical Character Reading machines (OCR's). This type of toner is used frequently by banks to produce cheques.
Magnetic Ink Character Recognition. The process of machine reading characters by means of magnetic sensing.
See magnetic-ink character recognition.
( agnetic nk haracter ecognition) typically high speed equipment that uses magnetic or optical recognition to pick up magnetized ink on checks
The use of special characters AND magnetic ink allowing "readers" to recognize numbers at high speed. Most bank checks and deposit slips employ the use of MICR
MICR technology is used by banks. Numbers and characters found on the bottom of checks (usually containing the check number, sort number, and account number) are printed using Magnetic Ink. To print Magnetic Ink need, you need a laser printer that accepts MICR toner.
Magnetic Ink Character Recognition. Data input technology based on the automatic recognition of magnetic ink. Typically used on checks.
Magnetic Ink Character Recognition. The process of machine reading of printed characters.
magnetic image character recognition. A system using ink or toner with a high iron oxide content that can be magnetized. MICR printing can be read, for example, by automated check processing machines in banks.
Magnetic Ink Character Recognition. Automatic sorting method used, e.g.. on cheques, based on the printing of numbers in magnetic ink.
magnetic ink character recognition. numbers and symbols in magnetic ink on documents to assist in automated processing
Magnetic Ink Character Recognition. Twelve stylized characters which must be printed using metallic ink.
Magnetic Ink Character Recognition. The encoding of checks and documents with characters in magnetic ink so that they can be electronically read and processed. The font that is imprinted at the bottom of check or other financial document by equipment using ink with iron-oxide pigments capable of being magnetized. Transports can either read these characters magnetically or optically.
Magnetic Ink Character Recognition style printing on the bottom of personal and bank checks.
Magnetic Ink Character Recognition - Typically used on checks to allow automated reading of information on the check itself.
Magnetic Ink Character Recognition/ Reading; magnetic inks printed on business documents, like checks, so as to be easily readable by the data processing machines through which the forms are run.
Magnetic Ink Character Recognition; a method currently used by banks for processing checks and deposits.
Magnetic Ink Character Recognition-The technology commonly employed in the marking of U.S. bank checks. A highly stylized font is printed with ink that has magnetic properties.
Magnetic Ink Character Recognition, used in cheque-reading devices
Magnetic Ink Character Recognition: Machine reading of a special print in magnetic ink, using a magnetic head. The most common use of MICR is to read the bank information printed on the bottom of checks in E-13B font.
Magnetic Ink Character Recognition. Electronic recognition of machine-readable characters (printed with magnetic ink) appearing at the bottom of checks. Used to route the check to the proper financial institution and to charge the check to the appropriate account within the institution.
Magnetic Ink Character Recognition. The American Bankers' Association program that provides for encoding of checks and documents with standard characters in magnetic ink so that they can be electronically "read" and processed.
Magnetic Ink Character Recognition. The magnetic ink character recognition line at the bottom of a paper check.
agnetic nk haracter ecognition: Machine reading of a special print in magnetic ink, using a magnetic head. The most common use of MICR is to read the bank information printed on the bottom of checks in E-13B font.
Magnetic ink character recognition. To Top
Magnetic Ink Character Recognition. The process used by banks to encode checks. Microfilm Film on which documents etc. are photographically greatly reduced in size.
Magnetic Ink Character Recognition. A language that is universally used by bankers on checks, consisting of Arabic- type numbers printed on the bottom of each check. The special ink used in printing these numbers is capable of being magnetized when processed through automated check processing equipment. SECU uses this process on its checks.