Magnetic ink character recognition
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, and a control indicator. The format for the bank code and bank account number is country-specific.
An early demonstration of use of an E-13 MICR font on a cheque. The "transit" glyph differs from E-13B.
A cheque signed by Gerald Ford, showing E-13B markings
A cheque signed by Enzo Ferrari in the collection of the Museo Ferrari, showing CMC-7 markings
A cheque or check ; is a document that orders a bank, building society to pay a specific amount of money from a person's account to the person in whose name the cheque has been issued. The person writing the cheque, known as the drawer, has a transaction banking account where the money is held. The drawer writes various details including the monetary amount, date, and a payee on the cheque, and signs it, ordering their bank, known as the drawee, to pay the amount of money stated to the payee.
Cheque signed by US President Gerald Ford from 1975
A cheque with Thomas Jefferson as payee and payor from 1809
A cheque from 1905
A cheque from 1933