What is MCIR (Magnetic Ink Character Recognition) in Checks? | Sapling
sapling.com
What is MCIR (Magnetic Ink Character Recognition) in Checks? | Sapling
MICR stands for magnetic ink character recognition. It's a form of technology used to print and read the routing, account and check numbers at the bottom of a check. An MICR reader or sensor can then assess and record this information to ensure that the check is legitimate. This helps prevent fraud.
Oct 22, 2011
Magnetic ink character recognition Applications
Definition of magnetic ink character recognition
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