![]() Rather than reading a literal digit, the head picks up a series of magnetic pulses. Now, check processing machines can scan, read, photograph (microfilm and/or digital imaging) and sort checks at up to around 2,000 per minute. Only recently, are the characters being read by optical recognition.īack in the 50’s, BofA was thrilled to be able to read checks at any speed - it beat the pants off having clerks picking up checks and tossing them into piles. ![]() The characters are so goofy looking because the MICR readers read the symbols with a magnetic head, similar to a tape deck. Bank of America started developing it in the early 1950’s. ![]() However you care to say it, MICR is a fairly stone-age technology that survives fifty years later because it works. This brings to mind an old mystery in the banking biz - How do you pronounce it? There’s four ways, and each has its rabid adherents.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |