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What is MICR? MICR stands for Magnetic Ink Character Recognition, is a character recognition system that uses special ink and characters. When a document that contains this ink needs to be read, it passes through a machine, which magnetizes the ink and then translates the magnetic information into characters. MICR technology is used by banks. Numbers and characters found on the bottom of checks (usually containing the check number, sort number, and account number) is processes to produce and analyze these characters. The characters are printed using Magnetic Ink. How does it work? The numbers printed at the bottom of a cheque have magnetic particles in the ink. These can be read very quickly by machines (as many as 300 cheques per minute). Three numbers are printed on a cheque: the cheque number; the Bank or building society sort code; and the customer's account number. When a cheque is written...

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