1 / 16

What is MICR string? How does it work? [A Complete Guide]

MICR string is beneficial and used a lot in our life but many people confuse about it. Get a comprehensive guide on meaning, benefits, & operation in this post. <br>

barcodelive
Download Presentation

What is MICR string? How does it work? [A Complete Guide]

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. MICR String HTTPS://BARCODELIVE.ORG/

  2. What Is MICR String? Table of Content How Does MICR Work? What Are Advantages Of MICR String? MICR Check Scanner Practices Of MICR String

  3. 01 What Is MICR String?

  4. MICR DEFINITION Stand for "Magnetic ink character recognition," a check identification and processing method MICR on a check is the string of characters found in the bottom left corner

  5. COMPONENTS Following 12- character Last 4-character First 9-character The bank routing number The customer's account number The check number

  6. 02 How Does MICR Work?

  7. When a computer scans a check using magnetic ink, it can read the numbers even if the characters have been obscured by signatures, bank stamps, or other markings

  8. 03 What Are Advantages Of MICR String?

  9. Fraud Detection Accuracy Magnetic ink character identification line makes several types of financial fraud difficult => The most significant advantage of MICR Low error rates Security

  10. 04 MICR Check Scanner

  11. A scanner is used to process the magnetically printed information on checks (routing number, account number, & check number) A check may be read numerous times at extremely fast rates throughout the clearing process

  12. 05 Practices Of MICR String

  13. Image resolution MICR line location & orientation MICR Multiple MICR lines Applications ABA & non-US checks Routing number

  14. Text formats MICR Poor quality image Applications Recognition speed Utilizing ClearImage repair and tools before reading MICR

  15. THANK YOU https://barcodelive.org/

More Related