June 8th, 2009 by AbeyiCallcl
When Baby Boomers started their first savings accounts they received a little bitty book from the bank. When the balance grew or shrank, depending on deposits, withdrawals and interest earned, activity was recorded by hand, using a fountain pen charged with ink from a bottle. Or a pencil, if you were the one doing the accounting, a far cry from today’s MICR toner. That worked for the timeframe because the world was at the beginning of the information explosion.
Meanwhile, the banking industry began experiencing its own explosion – an explosion in terms of volume and the quantum leap in the need for security. In the 1950s, banks, bankers, machine manufacturers and check processors in the United States put together a cadre of thinkers charged with the responsibility of meeting the challenges coming at them with the advancing demands for information. Technology responded to the demand for data processing by developing machines to do the jobs previously done by human eyes and hands.
In 1958 the American Bankers Association (ABA) adopted a new industry standard: E-13B Magnetic Ink Character Recognition (MICR). The answer came in the form of specially shaped letters printed with magnetically charged ink. The black bars and numbers printed at the bottom edge of every one of today’s checks are the result. For MICR toners to work properly, they must be manufactured to closest tolerances and checked for quality on a regular basis. Then, reader-sorter machines handle the processing mechanically and electronically at the speed of light.
In order for MICR toner to withstand the abrasive effects of the sorter process, the characters must be printed accurately and according to precise specifications. The industry and the private sector expect data to be read at warp speed. MICR toners get the job done.
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June 8th, 2009 by AbeyiCallcl
No one wants to gamble with smart crooks. Unfortunately, your company’s security is in even more jeopardy in today’s world than in times past. Fortunately, using a MICR toner cartridge for printing commercial checks, or even private ones, ups the safety level by a quantum leap rather than just a few baby steps.
Using Magnetic Ink Character Recognition (MICR) ink that is designed to protect negotiable and non-negotiable documents presents challenges to anyone intent upon making off with your assets. In fact, that’s why it was invented. As the need for speedy processing increased, so did the margin for error. At the same time, the risk levels soared.
That’s when it became necessary to invent a better couple of mousetrap – one that sped up processing capabilities of the reader-sorter machines and one that safeguarded the client’s private data. Such data includes items like check amounts, account numbers, the institution on which the check was drawn and many other types of transaction codes. Every single ones of those codes provide confidential data potentially available to not only the appropriate recipients but also to the bad guys.
Reader-sorter machines operate on narrow parameters and are always working to improve their accuracy levels. Using MICR toner cartridges means that you are doing your part in guarding the gate. Not only will a high quality product insure accurate reading, it is also designed to take the kind of abrasive process of reader-sorter machines use. A high quality MICR toner will meet US, Canadian, UK and other international standards for readability. For your MICR toner to meet your private and company needs, be sure that checks and other documents are up to the standards of acceptability used by banks in their clearing process.
MICR toner cartridges should also be compatible with the printers you own. Check to be sure that they will not void your manufacturer’s warranties or damage expensive equipment.
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