Investopedia / Paige McLaughlin A magnetic ink character recognition (MICR) line is the unique series of characters printed on a check that indicates the bank routing number, account number ...

If you’ve ever looked at the bottom of a bank check ... and the computers with magnetic sensors. Let’s explore the enigmatic characters built for Magnetic Ink Character Recognition (MICR).

The computer, instantly searching its memory for a Bank of America account number matching that of the magnetic-ink strip on the check, rejected the check, which then went into a clerical pool for ...

The routing and account numbers on a check are specific numerical sequences ... Pronounced to rhyme with "snicker," MICR is an abbreviation for magnetic ink character recognition.

The Central Bank of Nigeria (CBN) had approved a cheque standard plan that includes new digit on the magnetic ink character recognition code line and expiry dates for cheque books. The new and old ...

Bank to integrate blockchain technology into cheques to prevent fraud Dubai ... a string of 20 random characters will be added on the MICR (Magnetic ink character recognition) band of the cheque ...