definition of magnetic ink character reader
Answers
➜ MICR is a form of character recognition that reads the text printed with magnetically charged ink, determining the shapes of characters by sensing the magnetic charge in the ink and translates these shapes into computer processed format.
➜ The magnetic ink character recognition device is normally used to assist the banking sector in processing the cheques that are issued by the customers everyday.
➜ Special font has been set for these characters by American banking Association. A Magnetic Ink Character Reader recognise these characters.
➜ With MICR devices a special type of cheque is normally used. In a cheque ,the branch code and the cheque number are pre printed at the bottom using magnetic ink. When a filled cheque is presented at the bank, the cheque can be processed using MICR.