Part 229 availability of funds and collection of checks regulation cc. Source for information on magnetic ink character recognition. Mar 28, 2017 the very term micr, a shorter way of expressing the phrase magnetic ink character recognition, captures and describes the micr functionality. Important documents such as checks and vouchers are printed using magnetic ink. The rejected cheque will then require manual handling which will delay the. What is micr magnetic ink character recognition code on. Optical character recognition or optical character reader ocr is the electronic or mechanical conversion of images of typed, handwritten or printed text into machineencoded text, whether from a scanned document, a photo of a document, a scenephoto for example the text on signs and billboards in a landscape photo or from subtitle text superimposed on an image for example from a.
Most simulated computer typefaces are based on this design. Computers detect magnetized metals in the ink of the characters and determine their sequence from the spacing of the ink. Search magnetic ink character recognition and thousands of other words in english definition and synonym dictionary from reverso. Micr technical specifications australian payments network. Magnetic ink character recognition micr devices market. Magnetic ink character recognition micr is the line of numbers ten numeric and four special symbols on a document that relates a transaction to a specific customers account. The micr encoding, called the micr line, is typically located at the bottom of a cheque and usually includes the bank code, bank account number, cheque number, document type. Magnetic ink character recognition micr line definition. Using infoprint server to generate pdfs that use micr fonts.
Magnetic ink character recognition micr digital characters on the bottom edge of a paper check containing the issuing banks aba transit number bank identifier and check routing symbol denoting funds availability. Manual processing costs the bank additional money and it. Recognition definition is the action of recognizing. The printers must support printing of documents in pdf format. For example, a merchant will use a micr reader to sort cheques by bank and send the sorted cheques to. Micr magnetic ink character recognition micr is an acronym for magnetic ink character recognition. Micr code generator create 2d bar code label tag databar. Welcome to the world of micr magnetic ink character recognition printing. Micr, or magnetic ink character recognition, is a character recognition technology used by the banking industry, irs, and large corporations to facilitate the processing and clearance of checks. The printer availability calculation formula is found in the definitions section of this sor.
Micr technology was developed in the mid1950s to address the volume of cheques that were being processed manually. Magnetic ink character recognition micr dictionary of banking terms for. Micr readers detect the characters and convert them into digital data. The micr magnetic ink character recognition font enables banks to recognize and read the encoded line of data printed at the bottom of each check. Encoded checks are processed through a sorter, which reads the eb printed characters. Micr magnetic ink character recognition is a technology used to verify the legitimacy or originality of paper documents, especially checks. Onus means the sorting criterion is determined by the organization who will be. It is largely used in banks and other organizations where security is a high priority. Character recognition is broadly divided into two parts. Magnetic ink character recognition article about magnetic. The sdk enables zone definition, recognition, image cleanup, advanced binarization, and return of confidence values. Magnetic ink definition and meaning collins english dictionary.
In banking industry, magnetic ink character recognition technology is used for the. Magnetic ink definition and meaning collins english. Micr ink and micr toner is also required by the federal reserve to ease check processing. Magnetic ink character recognition micr definition it. Special ink, which is sensitive to magnetic fields, is. Magnetic ink character recognition code, known in short as micr code, is a character recognition technology used mainly by the banking industry to streamline the processing and clearance of cheques and other documents. Magnetic ink definition at, a free online dictionary with pronunciation, synonyms and translation.
You can complete the definition of magnetic ink character recognition given by the english definition dictionary with other english dictionaries. Nov 21, 2019 magnetic ink character recognition is the line on the bottom of a personal check that includes the account, routing, and check numbers. Aug 21, 2014 magnetic ink character recognition micr is a character recognition technology used mainly by the banking industry to ease the processing and clearance of cheques and other documents. Magnetic ink character recognition micr is a character distinguishing technology that makes use of special magnetized ink. Magnetic ink character recognition code, known in short as micr code, is a character. Magnetic ink character recognition definition and meaning.
Magnetic ink character recognition the machine recognition of numeric data printed with magnetically charged ink. Magnetic ink definition of magnetic ink by the free dictionary. Magnetic ink character recognition definition of magnetic. The printers must be defined to a local print server. Magnetic ink character recognition free download and. Magnetic ink character recognition is the line on the bottom of a personal check that includes the account, routing, and check numbers. Apr 27, 2020 magnetic ink character recognition, often abbreviated as micr, is a method of computerized reading. Magnetic ink character recognition micr, as defined by the american national standards institute ansi, is the common machine language specification for the paperbased payment transfer system. Micr, called em eye cee are, micker, and miker by some, is short formagnetic ink character recognition. Micr magnetic ink character recognition the machine recognition of numeric data printed with magnetically charged ink. Magnetic ink character recognition micr optical character recognition ocr ocr is a technology that translates typewritten, computerprinted or handwritten characters from normal documents.
Find out inside pcmags comprehensive tech and computerrelated encyclopedia. Micr is the technology which allows the characters printed on the bottom of the check to be read by readersorter machines. Magnetic ink character recognition, or micr, is a character recognition technology used to protect financial transaction documents. Definition of magnetic ink character recognition pcmag.
Magnetic ink character recognition definition in the. Micr simple english wikipedia, the free encyclopedia. Magnetic ink character recognition is a character recognition system that uses special ink and characters. Magnetic ink card readermicr optical character readerocr bar code reader optical mark readeromr keyboard keyboard is the most common and very popular input device which helps in inputting data to the computer.
Magnetic ink character recognition definition and information. The familiar numerals from the bottom of american micr magnetic ink character recognition checks, designed in 1958 for printing in magnetic ink to be read by magnetic readers and humans. The magnetic ink character recognition line on a check includes the information that appears at the bottom of a check and is read by computers. Magnetic ink character recognition micr what is it. The format for the bank code and bank account number is co. Magnetic ink character recognition when they were received in the paying bank, they were charged against the account by hand using the name on the check and the presenting bank to decide who to charge and who to credit. The layout of the keyboard is like that of traditional typewriter, although there are some. What does magnetic ink character recognition actually mean. Micr numbers are readable by individuals and computers. Magnetic ink character recognition is a technology used to verify the legitimacy or originality of paper documents using special ink which is sensitive to magnetic fields. It consists of magnetic ink printed characters of a special design which can be recognized by high speed magnetic recognition equipment. Magnetic ink character recognition micr toner conforming to canadian payments association cpa. Micr encoding, called the micr line, is at the bottom of cheques and other vouchers and typically includes the documenttype indicator, bank code, bank account number, cheque number, cheque amount, and a control indicator. The micr has a magnetic head which can detect the magnetic pattern for each character.
Magnetic ink character recognition code, known in short as micr code, is a character recognition technology used mainly by the banking industry to streamline. Magnetic ink character recognition line law and legal. Magnetic ink character recognition is a technology used to verify the legitimacy or originality of paper documents using special ink which is. The letter i is used in examples to distinguish the small letter l from the numeral 1 one. When a document that contains this ink needs to be read, it passes through a machine, which magnetizes the ink and then translates the magnetic information into characters. Reserve bank of atlanta, for example, jumped 140 per cent in a dozen years, hitting. Recognition definition of recognition by merriamwebster. History of micr magnetic ink character recognition. A special font called micr eb is the standard used on the bottom line of all checks and drafts processed in the u. Magnetic ink character recognition micr toner conforming to. Subchapter a board of governors of the federal reserve system. Information on magnetic ink character recognition micr fonts ibm. Wikipedia, lexilogos, oxford, cambridge, chambers harrap, wordreference, collins lexibase dictionaries, merriam webster. Magnetic ink characters are often used on bank documents, including checks.
A laser printer with micr toner can print magnetic ink. This technology is mainly used by banks in processing cheques, in which the micr encoding 9 digit code at the bottom of cheque is having the information related to transaction of the bank branch code, pin code which is stored in a device. Magnetic ink character recognition micr is a characterdistinguishing technology that makes use of special magnetized ink. The abbreviation micr stands for magnetic ink character recognition. Apr 27, 2017 if you need to check the legitimacy of a document, such as a cheque, magnetic ink character recognition or micr can do this. For a check to be used as a valid payment instrument, two things must be present. Micr is a technology used to check the originality of documents and the authentication purpose.
Magnetic ink character recognition micr check printing. Micr stands for magnetic ink character recognition line. Magnetic ink character recognition micr micr stands for magnetic ink character recognition. Cheques are printed with a special magnetic ink, meaning it can be encrypted with characters that would otherwise be undetectable. Jul 22, 2017 what is micr magnetic ink character recognition all types of cheque, negotiable instruments,micr,ifs code l ibps po,rrb mains l by. As the name indicates, this technology uses magnetic reading to identify these unique numbers and characters. Subpart a general magnetic ink character recognition line and micr line mean the numbers, which may. Magnetic ink definition of magnetic ink by the free.