Define the Term Micr and Explain What It Is. Using a Suitable Example, Discuss How Does Micr Readers Work and What Is It Used for?

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Question 1 Define the term MICR and explain what it is. Using a suitable example, discuss how does MICR readers work and what is it used for? Answer: MICR, or Magnetic Ink Character Recognition, is a character recognition technology used primarily by the banking industry to facilitate the processing of cheques and makes up the routing number and account number at the bottom of a cheque. It allows computer to read account number off printed documents. Its different and unlike with barcodes or other similar technologies, MICR codes can be easily read by humans. MICR characters usually contain iron oxide. They are printed in special typefaces with a magnetic ink or toner and in the form of either and E-13B or CMC-7 Font. Each…show more content…
Based on this reason, businesses tend to use laser printers, while consumers are more likely to use inkjet printers. A thermal printer generates images by pushing electrically heated pins against heat-sensitive paper. Basic thermal printers are inexpensive, but the print quality is low and the images tend to fade over time. Self-service gas pumps often print gas receipts using a built-in lower-quality thermal printer. Many point-of-sale terminals in retail and grocery stores also print purchases receipts on thermal paper. Two special types of thermal printers have high print quality and can print at much faster rates than ink-jet and laser printers. A thermal-wax-transfer printer generates rich, nonsmearing images by using heat to melt colored was onto heat-sensitive paper. Thermal wax-transfer printers are more expensive than many color laser printers. Both printers have advantages and disadvantages; by comparing we are able to differentiate them. The advantages of a laser printer are it is an accessible and efficient office document printer. The document quality is very high, except for barcodes. There are a few disadvantages for a laser printer. It prints labels in sheets and resulting in waste. Its label and wristband adhesives can ooze from fuser and cause jamming. The barcodes require more ink and the toner is driving up the costs. Lastly, output susceptible to toner flaking and

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