What is magnetic character recognition?
Magnetic Ink Character Recognition (MICR) is a character discrimination technology that uses special magnetized ink. It is mainly used in banks and other organizations where security is a high priority. Important documents such as checks and vouchers are printed with magnetic ink. A laser printer with MICR toner can print magnetic ink.
The information at the bottom of the check, which includes the check number, sort number, and account number, is usually printed in magnetic ink. When a document (such as bank checks and drafts) containing this magnetic ink is to be processed, it is passed through a machine that magnetizes the ink, and then special character information is extracted and translated into characters.
MICR offers a protected and fast technology for scanning and processing information. Using MICR can increase security, protection, and reduce the risk of loss due to identity theft crimes.