The MICR Security and Check printing
process
The printing process of MICR that allows for check
creation includes the MICR Laser Printer, the MICR Toner, the MICR Font,
the security safety paper and the Check processing software.
With billions and billions of checks being written each year, it’s no
wonder that all companies are afraid that they might get a fraudulent
check. However, with the MICR technology, the elimination of fake checks
are increased. These MICR lines are usually read many times by check
clearing systems. For most, the MICR is identifiable by the series of
black numbers that run along the bottom of personalized checks. In
addition to a laser printer, the MICR script can prove valuable in
securing the control of financial documents and billing statements. As a
versatile technology system, the MICR laser printing can likely improve
the efficiency more many industries. For example, an accounting firm
that provides payroll services for clients is sort of a like a check
book utilized by an assortment of small businesses. To lessen
complications, the MICR system can grant great benefits. These benefits
would include eliminating storage of check stock, lower printing costs
and improve check printing security since you only print when required
and the MICR font is stored behind a lock. Some other advantages include
eliminating waste, operating cash control and being able to control
documents.
A MICR Laser Printer also helps in the process by eliminating the need
to store a variety of check stock. Since the MICR Laser Printer makes up
to whole check including logo lines, MICR lines, data, signature and
everything else that’s needed on the blank check. By doing so, any waste
that can occur from check errors such as printing on incorrect stock or
incorrect information is eradicated. Not to mention improving security,
this also reduces cost of inventory.
Using a MICR toner is an important part of the document security as
well. As a specially formulated blend of toner combined with ferrous
iron oxide, MICR toner helps make the document secure and able to be
read on a check clearing system. In accordance with the American Banking
Association, the toner should be “combined” onto the check paper in
order to endure a minimum of a 30 pass document sorting process when the
check is being cleared through the bank clearing system. However, not
all printers are able to complete this process making the check unable
to be cleared on bank processing transactions.
Using the correct kind of security paper also makes a difference in the
outcome of the document and security. Although there are many choices of
security papers out in the market, including blank check and preprinted
ones, blank checks should be of choice when buying such security paper
if your printer is capable of printing out secure MICR checks. Blank
checks are not exposed to fraudulent checks as much making them more
secure and they are much more inexpensive to purchase.
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