| Growing Market Potential for MICR Toner Cartridges |
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Could you imagine that 6 million checks are being printed every day in USA?
A huge number of checks are drafted every year in USA by adopting MICR
printing technology. |
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What is MICR? MICR stands for Magnetic Ink Character Recognition. It is
a character recognition technology adopted initially by the banking industry
to facilitate the automated processing of checks. |
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Commercial MICR printing grows tremendously because credit unions, banks
and processors are allowed to "truncate" checks earlier in the check clearing
process in USA. Now nearly 80% of the checks are printed by using MICR
toner. The commercial application of MICR technology has also expanded
into other industries including airline, event & concert tickets printing. In the
near future, it is apparent that most documents which require security and
precision will rely on MICR printing. |
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