Level 1 law and Magnetic ink character recognition: Difference between pages

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imported>Doug Williamson
(Create the page. Source: The Treasurer, June 2016, p10.)
 
imported>Doug Williamson
m (Spacing 22/8/13)
 
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(EU).  
(MICR).  


European law created directly by the European Parliament.
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 ==
* [[Direct effect]]
* [[Optical character recognition]]
* [[Directive]]
* [[Transit routing number]]
* [[European Parliament]]
* [[European Union]]
* [[Regulation]]

Revision as of 09:46, 22 August 2013

(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