One of the greatest developments in the banking industry is its ability to process checking transactions. To date, millions of people worldwide have a checking account and pay their bills or shopping by simply writing a check. This makes MICR cartridges more in demand because every bank across the globe needs them to easily and quickly read checks electronically.
What are MICR cartridges?
MICR is an acronym for Magnetic Ink Character Recognition, which refers to the character recognition technology used primarily by the banking industry to facilitate the processing of checks. MICR cartridges usually contain iron oxide to allow computers to read, encode, and sort checks and deposit slips legibly and reliably even if they have been obscured with other marks.
What Are Some of the MICR Cartridges Brands?
PrintCountry carries a vast collection of MICR cartridges produced and manufactured by trusted brands such as Apple, Brother, Canon, HP, Lexmark, Minolta, Panasonic, Pitney Bowes, Ricoh, Savin, Source Technologies, Tally, Tory, and Xerox.
Why Do We Need MICR Cartridges?
Generally, you need MICR cartridges to print that MICR characters you normally see at the bottom of your checks. If you want to reduce the possibility of additional bank charges, then you can rely on using MICR cartridges. That line at the bottom of your checks comprises information that the bank uses to properly route and process payments. Whenever a check is not recognized by the banks' machines, the check is rejected and turned over for manual re-encoding. Most banks charge a fee for this service when a large number of checks from an account holder are rejected.
Which Printer Models Are MICR Cartridges Compatible?
PrintCountry's MICR cartridges are compatible with a myriad of printer models such as Lexmark 140195, Minolta 1703019-001, Xerox 6R902, Xerox 113R00173, HP C3903A, HP 92298X,HP 92298A, HP 92295A, Canon BCI3eBK, HP C4127X, Canon BCI3eC, Canon BCI3eY, Canon EP-S, Tally 084592, and more.
How Do MICR Cartridges Work?
As the bank's machine decodes the MICR text at the bottom of your checks, it first magnetizes the characters in the plane of the paper. The characters are then passed over an MICR read head - a device similar to the playback head of a tape recorded. As each character passes over the head it produces a unique waveform that can be easily identified by the system. The major MICR fonts used around the world are E-13B and CMC-7. Almost all Indian, US, Canadian and UK checks use the E-13B font.
Can I use MICR cartridges for printing other documents besides checks?
Certainly, MICR cartridges are not only good for printing MICR characters on checks. They also offer excellent results for printing other graphics and texts.
Routing Transit Number (RTN) refers to the nine digit bank code, used in the United States, which appears on the bottom of negotiable instruments such as checks used to identify the financial institution on which it was drawn. This code was designed to facilitate the sorting, bundling, and shipment of paper checks back to the payer's (check-writer's) account.
Westminster (typeface) is a printing and display typeface designed to be read by computers. The entire font is based on the machine-readable numbers printed on checks.