A Concise Guide To MICR And Associated Technologies

Magnetic Ink Character Recognition (MICR) was developed to utilize the benefits of computer technology in the banking industry. Prior to the use of a MICR line, check sorting by account number was a manual process. Two systems were previously used to handle the large numbers of checks processed in the banking industry: Sort-A-Matic and Top Tab Key Sort.

The Sort-A-Matic system included 100 metal or leather dividers numbered 00 through 99. Each check was placed in the corre…