MICR Toner
Feb 11th, 2008 by Manju
MICR stands for Magnetic Ink Character Recognition and it has revolutionized document processing, especially in the banking industry. Documents are printed using magnetic ink and special fonts to create machine readable information for immediate processing. The principal purpose of MICR toner is to print accounting and routing information on bank checks and other negotiable documents. MICR toner contains an iron oxide that allows the ‘bank line’ information of a check to be read by electronic bank processing equipment. While similar to standard toner, MICR requires a 50% to 60% iron oxide additive content to meet ANSI specifications for readability standards.
When checks are processed through MICR printing you are awarded a much higher level of security than traditional systems can provide because of the decreased exposure to check fraud. Many industries are also seeing major cost reductions due to the elimination of inventory and control over pre-printed check stock. Creating an HP MICR laser check is a simple process that adds payee data, signatures, logos, bank identification, and the MICR line to the check. It offers banks an increased flexibility to add, change or delete new bank accounts on demand, without ordering new check stock.