MICR (which can additionally be read as my-ker) means Magnetic Ink Character Identification. The ANSI or American National Standards Institute will make a regarding MICR-this will be the accepted machine language specification that is required in payment transactions (or bank checks) on sheet of paper.
Characters are printed with the use of a special MICR printer toner cartridge. This type of toner is made of a special chemical compound called iron oxide. Once printed, the characters are read by special dsl internet cable magnetic accessories. MICR printing requires a standard pattern or syntax which allows the bank the necessary details such as the account number, check number, routing number, and the amount the check to be cashed.
Banks came up with your security features to counter the ever-growing number of crooks who are trying to steal money from the parties. Besides, more people have now found other purposes of their bank checks especially people of which are constantly going out. MICR has made it possible to standardize electronic processing, reading and handling of bank checks.
MICR characters (which are printed with CMC-7 or E-13B font) need specific equipment and toners to become readable. MICR only becomes possible because of the magnetic toner that used. Also, these characters have comply with a certain pattern to become analyzed via the reading hosting server. Aside from the reading machine, a check sorter additionally utilized. No one is able that an ordinary bank crook would have the ability to decipher the MICR characters without basic equipments.
To have the ability to print the MICR characters, a special printer has additionally been made in this specific run. An MICR laser printer is made just for this reason. Although the usual desktop printer could also be employed (as long as an MICR toner has been used), still, MICR laser printer works better.
This regarding printer provides work hand-in-hand with a magnetically charged ink or toner to be capable to function; as well as this is equipment that is used in delicate bank transactions, it has to give out consistent quality of printing and accurate character placement throughout the actual whole surface in the printing general vicinity. Only then would the characters become readable towards the electronic fingerprint-reading machine.
Since the introduction of such innovations, bank security has been taken several higher factor. Business processes are now highly efficient and users can now print their checks and pass security checks with just one via. Such is the magic of technological advancement when applied to banking works.