Which of the following is used almost exclusively by the banking industry for check processing?
A)MICR
B)OCR
C)MIDI
D)OCM

Question

Quizplus · Accepted Answer

MICR (Magnetic Ink Character Recognition) is a technology used almost exclusively by the banking industry for check processing. It involves using magnetic ink and specialized machines to read the information on the bottom of checks, such as the routing number and account number. OCR (Optical Character Recognition) is a more general technology used to recognize printed or handwritten characters in a wide range of applications, and it is not as commonly used in check processing. MIDI (Musical Instrument Digital Interface) is a technology used for electronic musical instruments, and OCM is not a known technology abbreviation.

Which of the Following Is Used Almost Exclusively by the Banking