wich printer can use a mirc ink for print check

today, the losses are shared between a bank and its customer based upon each party’s comparative negligence. while one might expect banks to be liable for these losses, revisions in the Uniform Commercial Code (UCC) have shifted the liability from the bank to the party in the best position to prevent the loss. clever check fraud gangs constantly try new techniques to beat the banking system and steal money. a full 71 percent of companies experienced actual or attempted check fraud¹. once a check goes through the high speed reasers, it provides the receiving party with information needed for processing the check including: check number, bank routing number, checking account number and in some cases the amount of the check.Ĭheck fraud is the most dominant form of payment fraud, representing 43 percent of all payment fraud losses, surpassing credit card fraud, ACH fraud and wire fraud. MICR toner consists of magnetic ink printed characters of a special design which can be recognized by high speed magnetic recognition equipment. MICR ink and MICR toner is also required by the Federal Reserve to ease check processing. it is used in the banking industry for check printing to increase productivity and efficiency. MICR is an acronym for magnetic ink character recognition. MICR - magnetic ink character recognition MICR - magnetic ink character recognition.

Wich printer can use a mirc ink for print check