![]() ![]() this is known as a pre-printed check these checks are typically printed by a production house utilizing high speed impact equipment and ship based on minimum order quantities. the uniformity of print is another key component to readability.Ĭhecks can be ordered with the MICR characters already printed in the clear band of each check. since MICR is a machine readable process, it is imperative that each character is accurately placed and is free of irregular marks or voids. ![]() these shapes create a unique magnetic “fingerprint” which allows the reader-sorter machines to recognize each character. The magnetically charged printing allows each character to be recognized based on the magnetic signal created by each character’s unique shape. a special formulation of ink or toner, MICR can be printed with impact machines, on a printing press, or a laser printer. MICR is the technology which allows the characters printed on the bottom of the check to be read by reader-sorter machines. MICR, magnetic ink character recognition: MICR (magnetic ink character recognition) Some key phrases that you need to know in order to understand “what is MICR” include: to create consistency in the check clearing process it is critical that each character is readable and that the printing methods are reliable. line placement, character placement, skew and quality are several critical components of printing MICR the line must be precisely positioned in the MICR clear band area. the symbols provide a beginning and ending point for each group of numbers allowing the machine to quickly determine what each series of number signifies. each font series is made up of a series of numbers and symbols specifically designed for readability on check sorting machines which read at extremely high rates of speed. MICR characters are printed in the form of either an e-13b or cmc-7 font. today, the losses are shared between a bank and its customer based upon each party’s comparative negligence. while one might expect banks to be liable for these losses, revisions in the Uniform Commercial Code (UCC) have shifted the liability from the bank to the party in the best position to prevent the loss. clever check fraud gangs constantly try new techniques to beat the banking system and steal money. a full 71 percent of companies experienced actual or attempted check fraud¹. once a check goes through the high speed reasers, it provides the receiving party with information needed for processing the check including: check number, bank routing number, checking account number and in some cases the amount of the check.Ĭheck fraud is the most dominant form of payment fraud, representing 43 percent of all payment fraud losses, surpassing credit card fraud, ACH fraud and wire fraud. MICR toner consists of magnetic ink printed characters of a special design which can be recognized by high speed magnetic recognition equipment. MICR ink and MICR toner is also required by the Federal Reserve to ease check processing. it is used in the banking industry for check printing to increase productivity and efficiency. MICR is an acronym for magnetic ink character recognition. MICR - magnetic ink character recognition ![]() MICR - magnetic ink character recognition. ![]()
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