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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( | (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 == | == See also == | ||
* [[ | * [[Optical character recognition]] | ||
* [[ | * [[Transit routing number]] | ||
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.