What does magnetic ink mean?
Definitions for magnetic ink
mag·netic ink
This dictionary definitions page includes all the possible meanings, example usage and translations of the word magnetic ink.
Princeton's WordNet
magnetic inknoun
an ink that contains particles of a magnetic substance whose presence can be detected by magnetic sensors
Wikipedia
magnetic ink
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. MICR encoding, called the MICR line, is at the bottom of cheques and other vouchers and typically includes the document-type indicator, bank code, bank account number, cheque number, cheque amount (usually added after a cheque is presented for payment) and a control indicator. The format for the bank code and bank account number is country-specific. The technology allows MICR readers to scan and read the information directly into a data-collection device. Unlike barcode and similar technologies, MICR characters can be read easily by humans. MICR encoded documents can be processed much faster and more accurately than conventional OCR encoded documents.
ChatGPT
magnetic ink
Magnetic ink is a type of ink that contains magnetic particles, typically iron oxide, which is used primarily in the printing of bank checks for ease of processing. The magnetic particles in the ink allow magnetic reading machines to recognize and process the characters and numbers printed on the checks. This system, known as Magnetic Ink Character Recognition (MICR), increases efficiency and decreases the chance of errors during the processing of large volumes of checks.
Matched Categories
Numerology
Chaldean Numerology
The numerical value of magnetic ink in Chaldean Numerology is: 7
Pythagorean Numerology
The numerical value of magnetic ink in Pythagorean Numerology is: 7
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"magnetic ink." Definitions.net. STANDS4 LLC, 2024. Web. 18 Apr. 2024. <https://www.definitions.net/definition/magnetic+ink>.
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