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Magnetic Ink Character Recognition and Bar Codes
The MICR code is a character-recognition technology used mainly by the banking industry to ease the processing and clearance of cheques and other documents. The MICR encoding, called the MICR line, is at the bottom of cheques and other vouchers...See more
and typically includes the document-type indicator, bank code, bank account number, cheque number, cheque amount, and a control indicator. Barcode is an optical, machine-readable, representation of data; the data usually describes something about the object that carries the barcode. Traditional barcodes systematically represent data by varying the widths and spacing of parallel lines.
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