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.  
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.
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* [[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