MICR title: MICR (BC-CCM-PRN) (SAP Library - Glossary)
MICR category: Print and Output Management (BC-CCM-PRN)
MICR explained:
Magnetic ink character recognition.
A character recognition system using special ink and characters that can be magnetized and read automatically.
MICR is used almost exclusively in the banking industry where it is used to print details on checks to enable automatic processing.
More terms such as MICR in Dictionary M.
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