A Concise Guide to MICR and Associated Technologies

Filed under: Posted in Business Hints and Tips, Other Business Hints and Tips | by Business Articles at ArticleGeek.com
Magnetic Ink Character Recognition (MICR) was developed to utilize the benefits of computer technology in the banking industry. Prior to the use of a MICR line, check sorting by account number was a manual process. Two systems were previously used to handle the large numbers of checks processed in the banking industry: Sort-A-Matic and Top Tab Key Sort.

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