Magnetic Ink Character Recognition (MICR)

GPTKB entity

Statements (34)
Predicate Object
gptkbp:instanceOf gptkb:technology
gptkbp:abbreviation gptkb:MICR
gptkbp:alternativeTo gptkb:Optical_Character_Recognition_(OCR)
gptkbp:enables fraud prevention
automated cheque clearing
https://www.w3.org/2000/01/rdf-schema#label Magnetic Ink Character Recognition (MICR)
gptkbp:inventedBy gptkb:Stanford_Research_Institute
gptkb:General_Electric_Computer_Laboratory
1950s
gptkbp:provides gptkb:security
high accuracy
machine readability
gptkbp:readBy magnetic ink characters
special fonts
gptkbp:recognizedBy magnetic readers
optical readers
gptkbp:region worldwide
gptkbp:relatedTo gptkb:RFID
barcode
gptkbp:standardizedBy gptkb:ISO
gptkb:ANSI
gptkbp:usedBy banks
financial institutions
gptkbp:usedFor banking
document processing
processing cheques
gptkbp:usedOn cheques
deposit slips
other financial documents
gptkbp:uses gptkb:CMC-7_font
gptkb:E-13B_font
magnetic ink
gptkbp:bfsParent gptkb:Electronic_Recording_Machine,_Accounting_(ERMA)
gptkbp:bfsLayer 5