. MICR stands for


A: Magnetic Ink Character Reader

B: Magnetic Ink Code Reader

C: Magnetic Ink Cases Reader

D: None

 

 

Best Answer

Explanation:

  • The Magnetic Ink Character Reader (MCR) is a line of characters printed on a check using a special ink that allows a reader-sorter system to recognise the characters.
  • The MICR reader-sorter process allowed check processing to be automated while also making counterfeiting checks more difficult.
  • Since the late 1950s, the MICR system has been used to automate check processing while making it more difficult to perpetrate check fraud. 
  • This system was adopted by banks all across the world.

Final answer:

Hence, option A is correct.

MICR stands for Magnetic Ink Character Reader.

 

 

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