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Tag: Modern Banking Systems

Check with a quill pen and magnetic ink flowing through an MICR line for accurate automated processing

Magnetic Ink Character Recognition (MICR) Line: A Comprehensive Guide for Professional Investors

February 24, 2025 FinanceFacts101 Business Finance

Introduction to Magnetic Ink Character Recognition (MICR) Magnetic Ink Character Recognition (MICR), a technology used predominantly for identifying and processing checks, is a vital tool in the banking industry. The MICR line on a check consists of three distinct groups of numbers – routing number, account number, and check number

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