Thursday, January 20, 2011

MICR - a cheap Rx for pain practitioners

Magnetic ink character recognition software - better known as MICR known - address some major weakness accounting professionals, by adding to it controls only their own business and print payroll checks or demands for customers to print. After the development of pre-printed check stock is a pain, and several types of controls you need to print, the greater the inconvenience.
MICR printing allows you to use blank safety stock, because they control the entire prints, including a signature if you want, in a single pass through the printer. In fact, you can be in a position to control on plain paper, except that the supply of security makes it harder to change the print paper checks. This ability lets the same examination required for all of your customers, and for all check printing.
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In turn, this can save big money on pre-printed checks, and eliminates the expense of administering a different test for different customers.
In a sense, MICR has become mainstream. Many large settlement, including MICR check printing capabilities as standard or as an add-in option. The application of the other produce, such as loans, also offer MICR functions.
However, MICR applications are offered as an option with other types of software is very expensive, or not well implemented. That leaves room for the dealers are reviewed here.
If the MICR was originally developed in 1950, is magnetic ink a new technology, and the banks, clearing agencies and the Federal Reserve System is investing heavily in technology to accommodate for the automated clearing and routing system. Check magnetic reader used in this process expensive, and many banks are reluctant to equipment, replace still work.
At the same time, the current state of the art optical non-magnetic. check the optical reader is easy to maintain, more accurate and faster. Unfortunately they are too expensive to verify, to the bank to the old magnetic reader with an optical unit allowed only as the substitute budget and needs dictate.
Whether optical or magnetic reader used in a particular bank, the MICR line itself is still the same. It contains routing and transit numbers and account information for the checking account that provided for controls in accounting.
Check number and amount will be processed on the MICR line as the control set if it is not produced. MICR font and special characters well defined, such as the placement and positioning of the figures on the check. While this definition it follows precise optical reader the check is generated correctly.
For the magnetic reader, the magnetic toner to a certain extent. Toner standard for this measure, because it is made of iron oxide-powered in a plastic binder. Special MICR toner is the seller guarantees the necessary magnetic properties of magnetic readers to read.

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