MICR:
A) is used on forms for objective-based questions on exams.
B) requires the user or customer to carefully handwrite input data on a business form.
C) is most widely used in the banking industry.
D) is based on unique human characteristics or traits; for example, fingerprints, voice pattern, retinal pattern.
E) is based on the use of radio frequency, a tag and antenna to identify and track physical objects.

Question

Quizplus · Accepted Answer

MICR (Magnetic Ink Character Recognition) is a technology used primarily in the banking industry to facilitate the processing and clearance of checks and other documents.