Have you ever wondered why the Bank increases the clearing time for checks and why it takes some time to process the checks? It takes time for the inspection because the inspection process must pass through machines that the bank calls the reader-sorter. The reader-sorter will work well in pressure checked only if the right type of ink used. Checks are becoming increasingly popular in today's world and more and more people are dependent on its use. To mechanize the check processing, electronic processing standards, handling and reading system was established. It is now known as Magnetic Ink Character Recognition (MICR).
Magnetic Ink Character Recognition (MICR) is as accepted machine language specification that will be used in payment transactions on paper, defined by the American National...