magnetic ink character recognition (MICR)

URI: https://gptkb.org/entity/magnetic_ink_character_recognition_(MICR)
GPTKB entity
Statements (42)
Predicate Object
gptkbp:instanceOf gptkb:technology
gptkbp:alternativeTo gptkb:optical_character_recognition_(OCR)
gptkbp:enables fraud prevention
automated check clearing
high-speed processing
gptkbp:hasComponent gptkb:MICR_line
magnetic ink
MICR reader
https://www.w3.org/2000/01/rdf-schema#label magnetic ink character recognition (MICR)
gptkbp:includesFont gptkb:CMC-7
gptkb:E-13B
gptkbp:inventedBy gptkb:General_Electric
gptkb:Stanford_Research_Institute
1950s
gptkbp:practicedWorldwide true
gptkbp:provides gptkb:security
efficiency
accuracy
gptkbp:readBy magnetic ink
special characters
gptkbp:recognizedBy optical sensors
magnetic sensors
gptkbp:relatedTo gptkb:financial_technology
banking automation
document security
gptkbp:requires magnetic ink
specialized reader
gptkbp:standardizedBy gptkb:ISO
gptkb:ANSI
gptkbp:usedFor banking
document processing
processing checks
gptkbp:usedIn gptkb:Australia
gptkb:Canada
gptkb:India
gptkb:United_Kingdom
gptkb:United_States
gptkbp:usedOn deposit slips
checks
bank drafts
gptkbp:bfsParent gptkb:General_Electric_ERMA_Mark_II
gptkbp:bfsLayer 6