Question

6.Write short notes on the followi
a. MICR:
b.OMR:
d.Chip reader:​

Answer 1

Answer:

MICR stands for magnetic ink character recognition code known in short as MICR it is a character recognition technology used mainly by the banking industry to streamline the processing and clearance of cheques and other documents

OMR stands for optical mark recognition it is a method of entering data into a computer system optical mark reader reads pencil or pen marks made in a predefined positions on paper forms as responses to questions natak list proms OMR scanning is fast and OMR scanner can maintain a through foot of 2000 to 10000 forms per hour

acchi preda is a merchant terminal that reads and writes a credit or debit card that contains a microcontroller chip to make a payment the card is inserted into the reader and removed when the transaction is complete see emv and the card reader

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