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History of MICR – Magnetic Ink Character Recognition

Laser MICR Check Printing

MICR Laser Check Printing Solution

The MICR (Magnetic Ink Character Recognition) Evolution

While the MICR font is clearly visible on every paper check processed today, that wasn’t always the case.

Prior to the mid 1940s, checks were processed manually using either the Sort-A-Matic or Top Tab Key method. As the number of checks increased, finding an automated way to process them became essential as was the development of standards that could be used to ensure uniformity in financial institutions across the country. By the mid 1950s, the Stanford Research Institute and General Electric Computer Laboratory had developed the first automated system to process checks—MICR.  The same team also developed the E13B MICR font.

MICR—including the E13B font printed in magnetic ink—was established as the standard for negotiable documents by the American Bankers Association (ABA) in 1958. By the end of 1959, the first checks had been printed using magnetic ink. The ABA set MICR as its standard because machines could read MICR accurately, and MICR could be printed using existing technology. In addition, documents printed with MICR technology remained readable, even through overstamping, marking, mutilation and more.

In 1963, ANSI recognized the ABA’s standards as the American standard for MICR printing. Although compliance with the standards is voluntary in the U.S., the financial industry considers them to be the definitive method by which to determine the acceptable quality of a negotiable document.

Read our whitepaper—The Value of MICR Check Technology: Understanding the Benefits of Secure, High-Performance, Cost-Effective MICR Laser Check Printing Solutions. To learn more about MICR, visit our website, call us at 1-800-777-7359, or Email us.

LIVE Webinar: In-House Check Printing Solutions – Save Time and Money Printing Your Own Checks

Learn How You Can Print Your Own Checks In-House

laser check printing webinar

Register Now:

Print your payroll, expense, accounts payable, and other business checks on-demand when you need them

Join Relyco’s upcoming LIVE webinar to find out how easy and affordable it is to get started! In-House Check Printing Solutions: Save Time and Money Printing Your Own Checks

WHEN: October 19th – 1:00PM EST
ONLINE – Click here to register for this LIVE webinar: ?

With over 20 years experience and membership in the American National Standards Institute (ANSI) ASC X9AB check processing committee, Relyco is a recognized and industry leader in check printing solutions.

In this Webinar, you will learn how to quickly and cost-effectively implement a complete in-house printing solution. We will show you everything you need to get started and how you can begin saving time and money printing your own checks.

For more information on Relyco’s laser check printing solutions, visit our Expertise Center, call us at 800-777-7359, or Email us.

Qualities of ANSI-Standard Secure Check Stock

Secure check stock is a paper designed with security features that prevent tampering and forgery to ensure a secure financial transaction. To comply with the ANSI standard, all checks must have at least three security features and at least one security feature must cover each of four areas:

  • One must be overt, such as an endorsement warning, warning band or non-negotiable stub backer
  • One must be covert, such as copy-void, fluorescent fibers or solvent reactive chemical stain
  • One must be anti-copy or designed to hinder duplication
  • One must be anti-alteration or designed to deter data modification

The security feature types can overlap; for example, microprinting is both a covert feature and an anti-copy feature, and diagonal anti-splice lines are both overt and anti-alteration.

Relyco Will Help You Select and Print ANSI Standard Compliant Checks

Relyco Will Help You Select and Print ANSI Standard Compliant Checks

Secure check stock is available in pre-printed or blank formats. Pre-printed secure check stock identifies a single business and financial institution. Blank check stock can be used when single or multiple bank accounts are required. Check-writing software drives a MICR printer to apply variable information and a secure, unique MICR line to each check. Because the variable information and MICR line are added on demand, account information is kept secure within the MICR printer or software. The use of blank check stock can also reduce waste. Many accounting systems offer check-printing functionality. If they do not—or if additional secure check-printing functionality is required—special check-writing software is a viable option.

Designed to integrate with a range of accounting packages, check writing software can print fully formatted checks—including the MICR line—on blank secure check stock. To ensure the security of check production, check-writing software can be protected with multiple security features, including a secure log-in, encryption, remote authorization and complete audit capabilities.

Check-writing software can also be used to configure a check that is 100-percent image friendly to ensure compatibility with optical scanning equipment. This is especially important for those organizations that need to comply with Canadian Payment Association Standards.

Learn more about how Relyco check solutions can help you ensure compliance and security, call Relyco today at 1-800-777-7359 or Email us.

Relyco Introduces Industry’s Most Affordable MICR Laser Check Printer

In today’s news release, Relyco announce the introduction of the industry’s most affordable MICR laser printer priced at $449. At speeds up to 37 pages per minute and an average cost per page of $0.03, the Relyco RS-ML-3712ND-MICR mono laser printer powered by Samsung enables companies to cost-effectively and efficiently print their own check in-house.

MICR Laser Printer, MICR Checks, MICR Line, In-house Check Printing

Relyco RS-ML-3712ND-MICR Laser Printer

“Through our exclusive partnership with Samsung, we are offering the most affordable workgroup MICR printer, which is up to 60 percent less than any other brand of MICR printers,” said Bruce Steinberg, senior vice president of sales at Relyco. “At this price point, companies can affordably add a complete in-house check printing solution that enables them to save significant time and money on their check printing processes for payroll, accounts payable, and other financial transactions.”

The Relyco RS-ML-3712ND-MICR mono laser printer provides cost-effective printing at speeds up to 37 PPM with an 80,000-page monthly duty cycle. It meets ANSI X9.27 standards for E-13B font, and produces bank-compliant check printing powered by renowned Samsung quality and reliability. Engineered to work with Relyco approved MICR toner, laser check printing software and secure check stock, the RS-ML-3712ND-MICR performs to exacting standards. A 600MHz processor and standard 128MB onboard memory minimizes bottlenecks at the printer. A locking tray option is available to meet security requirements.

Complete Guaranteed and Affordable Check Printing Solution

Relyco offers affordable, turnkey in-house check printing solutions with MICR check printers starting at the lowest entry point of $449. The best-in-class Relyco MICR check printing solution combines high-quality and affordable MICR printers with Relyco’s industry-leading check stock, MICR toner, locking printer tray options, check security envelopes, Formax post-processing equipment, e-payment and laser check printing software, and superior customer service.

To learn more about how Relyco’s MICR check printing solution and you can begin saving time and money printing your own checks, visit our Laser Check Printing Expertise Center, read our whitepaper on MICR check printing, call us at 1-800-777-7359, or Email us.