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What is magnetic character reader?

Anonymous

∙ 12y ago

Updated: 1/29/2023

Answer

OCR (optical character recognition) software for processing bank cheques and routing transactions to the correct ABA bank numbers and account numbers

Skylar Hagenes ∙

Lvl 13

∙ 2y ago

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Related Questions

What is full form of micr code?

MICR stands for magnetic ink character reader

How is ink made magnetic?

MICR is used to facilitate the processing of cheques in banking systems. the data is typed in magnetic ink, mostly iron oxide which can be detected by a magnetic ink character reader and processed.

What happens when a reader identifies with a character?

The reader understands the character's feelings.

What happens when a reader identifies with a character .?

The reader understands the character's feelings.

What happens when a reader takes on the feelings of a character?

5

Define input devices .with some examples?

The input and output devices of a computer are normally abbreviated as I/O devices.There are a variety of input units,which are used by computers.THE MOST COMMONLY USED UNIT OF THIS TYPE IS A KEYBOARD AND A MOUSE OF A DESKTOP COMPUTER.Special purpose units are scanners,magnetic ink character reader,optical mark reader,optical character reader and bar code reader.

Magnetic card reader requires the card to make contact with the reader?

The magnetic card reader will require a credit or debit card to make contact with the reader. The magnetic card reader will read the numbers off of the card once contact is read in order to submit a debit entry from the card to the officiating bank.

What is a magnetic card reader?

A magnetic card reader is a device which reads information contained in a encrypted sequence on a magnetic strip. Such as a credit card reader, or Driverse License reader. Hotel Door locks now commonly have a magnetic card reader attached to replace the old fassioned key, since the cards are so cheap to make, and can be remade even if the original is lost.

What is used to read the information from the magnetic stripe?

Magnetic stripe readers

What is used to read the information from the magnetic strip in a credit card?

A card reader, also known as a magnetic stripe reader, is used to read the information stored on the magnetic strip of a credit card. The reader uses a magnetic head to detect and decode the data on the strip, such as the card number and expiration date.

What is used to read the magnetic strip on the back of a credit card?

A card reader, also known as a magnetic stripe reader, is used to read the magnetic strip on the back of a credit card. This device decodes the data stored on the magnetic stripe, which typically includes the cardholder's name, account number, and expiration date.

What reader reads the magnetic stripe on the back of credit cards entertainment cards bank cards and other similar cards?

A magnetic stripe reader is used to read the information stored on the magnetic stripe on the back of cards like credit cards, entertainment cards, bank cards, and other similar cards. The magnetic stripe contains data such as account number and expiration date, which is swiped through the reader to facilitate transactions.

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