What does magnetic ink character recognition mean?
Definitions for magnetic ink character recognition
mag·net·ic ink char·ac·ter recog·ni·tion
This dictionary definitions page includes all the possible meanings, example usage and translations of the word magnetic ink character recognition.
Wikipedia
Magnetic ink character recognition
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.
Numerology
Chaldean Numerology
The numerical value of magnetic ink character recognition in Chaldean Numerology is: 4
Pythagorean Numerology
The numerical value of magnetic ink character recognition in Pythagorean Numerology is: 6
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"magnetic ink character recognition." Definitions.net. STANDS4 LLC, 2024. Web. 30 Apr. 2024. <https://www.definitions.net/definition/magnetic+ink+character+recognition>.
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