On this page, We are going to learn about the full form of MICR and the meaning of MICR, As well as the meaning, definition, and acronym for MICR in different categories. So you should read this post till the end.
Full Form of MICR: Magnetic ink character recognition
MICR Stands for Magnetic ink character recognition. MICR is an input device of a computer MICR is the process of automatically reading barcodes and other machine-readable codes from paper documents and other paper-based media using a camera and computer.
The computer processes the image data captured by the camera to determine the text contained within the symbol and then uses that text to perform an action.
For example, a payment terminal may use MICR to read and process a magnetic stripe card. The card’s magnetic stripe contains data encoded using MICR.
Uses of Magnetic Ink Character Recognition (MICR)
MICR helps to extract text from documents without the need for humans to read them. MICR is an emerging technology that uses computer algorithms to recognize handwritten text. MICR uses magnetic ink to create digital copies of documents, which are then read using an optical scanner.
The technology is widely used in the banking, logistics, and government industries, where it saves money by reducing the amount of paper used to process transactions. For example, a check may be processed using MICR instead of being printed out.
There are some of the most commonly used acronyms, abbreviations, full forms, and MICR meaning are listed in different categories below the table.
|MICR||Magnetic Imaging Character Recognition|
|MICR||Magnetic Ink Cartridge Recognition|
|MICR||Michigan Care Improvement Registry|
|MICR||Microscopy Imaging Cytometry Resources|
|MICR||Minimally Interrupted Cardiac Resuscitation|
|MICR||Midwest Institute for Clinical Research|
|MICR||Magnetic Ink Character Reader|
|MICR||Magnetic Ink Character Recognition|