GPTip42day - Printing MICR checks

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Frank Hamelly | MVP...

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If you print MICR (Magnetic Ink Character Recognition) checks, are you still buying special MICR cartridges for your checks printer? Check with your bank to make sure MICR toner is really required to process your checks. Optical Character Recognition (OCR) software and hardware has improved over the years to the point that many banks use OCR readers in place of or in addition to MICR readers. In addition, the regular toner used in LaserJet printers is somewhat magnetic and can usually be read by banks that are not using OCR.

A phone call may save you big $$ in toner costs!

This was originally posted here.