Translation and analysis of words by ChatGPT artificial intelligence
On this page you can get a detailed analysis of a word or phrase, produced by the best artificial intelligence technology to date:
- how the word is used
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What (who) is Magnetic Ink Character Recognition - definition
![A cheque signed by [[Enzo Ferrari]] in the collection of the [[Museo Ferrari]], showing CMC-7 markings.](https://commons.wikimedia.org/wiki/Special:FilePath/Enzo Ferrari signed cheque 1970-01-21 Museo Ferrari.jpg?width=200 "A cheque signed by [[Enzo Ferrari]] in the collection of the [[Museo Ferrari]], showing CMC-7 markings.")
Wikipedia
Magnetic ink character recognition code, known in short as MICR code, is a character recognition technology used mainly by the banking industry to streamline the processing and clearance of cheques and other documents. MICR encoding, called the MICR line, is at the bottom of cheques and other vouchers and typically includes the document-type indicator, bank code, bank account number, cheque number, cheque amount (usually added after a cheque is presented for payment) and a control indicator. The format for the bank code and bank account number is country-specific.
The technology allows MICR readers to scan and read the information directly into a data-collection device. Unlike barcode and similar technologies, MICR characters can be read easily by humans. MICR encoded documents can be processed much faster and more accurately than conventional OCR encoded documents.
