Permanent magnetic Ink Character Acceptance (MICR) was developed to utilize the main advantages of computer technology in the financial industry. Prior to the usage of a MICR line, check sorting by profile number was a handbook process. Two systems were previously used to handle large numbers of checks highly processed in the banking field: Sort-A-Matic and Top Tabs Key Sort. Your Sort-A-Matic system included One … Continue reading the story "A Concise Guide To MICR And Associated Technological innovation"
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