Magnetic ink character recognition: Difference between revisions

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''Automated cheque clearing''.
(MICR).  
(MICR).  
Standard used to encode bank/ branch numbers on the bottom of cheques with magnetic ink which is machine readable. This allows cheques to be cleared through automated systems.
 
Standard used to encode bank / branch numbers on the bottom of cheques with magnetic ink which is machine readable.  
 
This allows cheques to be cleared through automated systems.
 


== See also ==
== See also ==
* [[Cheque]]
* [[Optical character recognition]]
* [[Optical character recognition]]
* [[Transit routing number]]
* [[Transit routing number]]


[[Category:Cash_management]]
[[Category:Liquidity_management]]

Latest revision as of 18:12, 1 July 2022

Automated cheque clearing.

(MICR).

Standard used to encode bank / branch numbers on the bottom of cheques with magnetic ink which is machine readable.

This allows cheques to be cleared through automated systems.


See also