MICR ⇝

Magnetic Ink Character Recognition

<business, printer>

(MICR) A character recognition system using special ink and characters which can be magnetised and read automatically.

MICR is used almost exclusively in the banking industry where it is used to print details on cheques to enable automatic processing.

Last updated: 1995-04-13

Nearby terms:

magnetic disk ♦ Magnetic Ink Character Recognition ♦ magnetic stripe

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