Magnetic ink character recognition: Difference between revisions
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(MICR). | (MICR). | ||
Standard used to encode bank/ branch numbers on the bottom of cheques with magnetic ink which is machine readable. | 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. | This allows cheques to be cleared through automated systems. | ||
Revision as of 12:09, 28 November 2017
(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.
