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image from MICR: What It Is And How It Works?

MICR: What It Is And How It Works?

Trisha Olivar

What is a MICR? In modern banking, MICR, short for Magnetic Ink Character Recognition, is an important innovation. It changed how our banks handle checks, making transactions faster and more efficient.

Apr 03, 2024 • 9 min read
image from MICR Readers: How It Reads Magnetic Ink Characters?

MICR Readers: How It Reads Magnetic Ink Characters?

Trisha Olivar

Do you ever wonder how banks process your checks so quickly and accurately? Well, the secret lies in a fascinating technology called Magnetic Ink Character Recognition, or MICR for short.

Apr 02, 2024 • 8 min read