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
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