The technology that uses high-speed magnetic and/or optical recognition equipment to recognize magnetic ink printed characters Usually associated with reading routing, transit and demand information from checks
- Magnetic Ink Character Recognition - MICR is the magnetic ink used primarily in "Check" processing and the process allows the MICR encode to be read by the computer and translated into computer data
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
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