COMPUTER FUNDAMENTALS

Detailed explanation-1: -MICR (magnetic ink character recognition) is a technology invented in the 1950s that’s used to verify the legitimacy or originality of checks and other paper documents. Special ink, which is sensitive to magnetic fields, is used to print certain characters on the original documents.

Detailed explanation-2: -Magnetic Ink Character Recognition (MICR) Line The MICR on a check is the string of characters that appears at the bottom left of the check. It consists of three groups of numbers, including the bank routing number, the customer’s account number, and the check number.

Detailed explanation-3: -Magnetic ink is used in the printing of the currency. Each denomination has a different face and, therefore, a different magnetic signature. Similar to a bar code reader, the machines recognize the denomination by its magnetic signature.

Detailed explanation-4: -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.

Detailed explanation-5: -MICR (magnetic ink character recognition) is a technology used to verify the legitimacy or originality of paper documents, especially checks. Special ink, which is sensitive to magnetic fields, is used in the printing of certain characters on the original documents.