🎴 Flashcard Mode
Computer Science Fundamentals
Card1 / 25
Mastered0
Review0
QuestionClick to flip
The banks use __________ device to minimize conversion process.
AnswerClick to flip back
A
MICR
💡 Explanation:
MICR (Magnetic Ink Character Recognition) technology is used extensively by banks to process cheques efficiently. The special magnetic ink characters printed at the bottom of cheques contain routing and account information. MICR readers can scan these characters quickly and accurately, even if they have been overprinted or written upon. This automation significantly reduces manual data entry errors and processing time.