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    Prestige Institue of

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    Shivangi Dhamija
    MICR is used by banks to process large volumes of checks faster by encoding bank identification, account numbers, and check numbers using special magnetic ink and characters. The MICR reader scans checks and sorts them for distribution or further processing based on this encoded data. While MICR allows for easy and highly secure reading with low error rates, the equipment required is expensive. Optical mark recognition uses scanning to recognize pre-specified pencil or pen marks, making it useful for grading tests or collecting selected data. Bar code readers use lasers to scan patterns in bar codes which reflect light differently to identify the encoded information, with universal product codes being the most widely known standard.

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    Prestige Institue of

    Uploaded by

    Shivangi Dhamija
    8 views6 pages
    MICR is used by banks to process large volumes of checks faster by encoding bank identification, account numbers, and check numbers using special magnetic ink and characters. The MICR reader scans checks and sorts them for distribution or further processing based on this encoded data. While MICR allows for easy and highly secure reading with low error rates, the equipment required is expensive. Optical mark recognition uses scanning to recognize pre-specified pencil or pen marks, making it useful for grading tests or collecting selected data. Bar code readers use lasers to scan patterns in bar codes which reflect light differently to identify the encoded information, with universal product codes being the most widely known standard.

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    MICR is used by banks to process large volumes of checks faster by encoding bank identification, account numbers, and check numbers using special magnetic ink and characters. The MICR reader scans checks and sorts them for distribution or further processing based on this encoded data. While MICR allows for easy and highly secure reading with low error rates, the equipment required is expensive. Optical mark recognition uses scanning to recognize pre-specified pencil or pen marks, making it useful for grading tests or collecting selected data. Bar code readers use lasers to scan patterns in bar codes which reflect light differently to identify the encoded information, with universal product codes being the most widely known standard.

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    8 views6 pages

    Prestige Institue of

    Uploaded by

    Shivangi Dhamija
    MICR is used by banks to process large volumes of checks faster by encoding bank identification, account numbers, and check numbers using special magnetic ink and characters. The MICR reader scans checks and sorts them for distribution or further processing based on this encoded data. While MICR allows for easy and highly secure reading with low error rates, the equipment required is expensive. Optical mark recognition uses scanning to recognize pre-specified pencil or pen marks, making it useful for grading tests or collecting selected data. Bar code readers use lasers to scan patterns in bar codes which reflect light differently to identify the encoded information, with universal product codes being the most widely known standard.

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    MAGNETIC INK CHARACTER RECOGNITION

    Micr is used by banking industry for faster processing of


    larger volume of cheques
    Bank’s identification code (name, branch etc.) account
    number and cheque number are pre-printed (encoded)
    using character from a special character set on all
    cheques
    Special ink is used that contains magnetizable practicles
    of iron oxide
    Micr reader-shorter reads data on cheques and sorts
    them on distribution to other banks or for further
    processing
    Advantage of Micr

    Easy of readability of high security


    Small deciphering error rate
    Disadvantage of MICR

    Expensive Equipment
    Optical Mark Recognition

    Scanner capable of recognizing a pre-specified type of


    mark by pencil or pen
    Very useful for grading tests with objective type
    questions, or for input data that is of a choice or
    selection nature
    Techniques used for recognition of marks involves
    focusing a light on the page being scanned and detected
    the reflecting light pattern from the marks
    Advantage of OMR

    There is a large number of document to justify designing


    and printing them
    Bar Code Reader

    Scanner used for reading (decoding) bar code data


    Scanner use laser-beam to stroke across pattern of bar
    code. Different patterns of bar code reflect the beam in
    different ways sensed by light-sensitive detector
    Universal bar coding (UPC) is the most widely known bar
    code system

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