The acronym MICR stands for Magnetic Ink Character Recognition toner which has become a must now days
. It is used widely in industries and banking. It is extremely important for banks in processing cheques. Magnetic technology is used in banks to print and read cheques securely. The technology is used to differentiate between original and fake cheques. Toners are used to print special characters on the cheques which are readable under standard MICR readers only. There are various types of toners such as MICR toners for HP which provides secure printing and reading.
Under the scanner, the special characters are read and type of transaction is determined. This technology has been in use for approximately 4-1/2 decades and still relied upon by banks and companies. Although more advanced technologies such as barcode and optical character recognition system or the OCR has come but the MICR has retained its place of importance. It is still used on wide-scale across organizations and companies worldwide. These toners function only on laser printers or the jet printers. It can be used for printing purposes and is very useful if your work is bank-related.
It is also a fact that fraud has always kept up with the real and technology is available for bypassing the magnetic security test also. In the present times, when advanced technology is easily available to the common man, ways have been found by tricksters to produce counterfeit cheques which pass the MICR test. These developments have alerted organizations and banks; and motivated them for stricter security measures and advanced technologies. MICR is secure technology when used with quality ink. Companies such as HP produce high quality printers and related material. In fact, Hewlett-Packard is practically the only reputed company which is engaged in manufacturing printers. Its products are of the finest quality as proved by its dominance of the international market.
The imprints on the cheques produced by HP are of the best quality. The high quality of HP MICR is proved by the fact that normally the cheques do not pass the HP MICR test. The high level of HP imprinted cheques is guaranteed HP ink. The top level of security is ensured as only HP MICR toners qualify the MICR standards. The Hewlett-Packard toners are probably the only secure way for guaranteeing security. This provides an easy way to differentiate between real and fake transaction. These products are available online and can be availed without any hassles.