MICR

 


is a technique, which is used to verify the originality of paper documents, especially cheques. It provides a secure and high speed method of scanning and processing information. It is a character recognition system that uses special ink and characters. When a document that contains this special ink needs to be read, it passes through a machine called MICR. This machine magnetises the ink and then translates the magnetic information into characters. It is used in bank for verifying cheques and deposit slips. In other words, MICR readers detect the characters and convert them into digital data. The use of MICR can enhance security and minimise the losses caused by various types of crimes.