CB:PSB and Magnetic ink character recognition: Difference between pages

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imported>Doug Williamson
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imported>Administrator
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Chartered Banker: Professional Standards Board.
(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 ==
* [[Association of Corporate Treasurers]]
* [[Optical character recognition]]
* [[Transit routing number]]


[[Category:Accounting,_tax_and_regulation]]
[[Category:The_business_context]]
[[Category:Compliance_and_audit]]
[[Category:Ethics]]

Revision as of 14:20, 23 October 2012

(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