Everything You Need to Know About MICR
MICR is a type of toner that is used to print business checks. It can only be used on specific printers, typically called MICR printers. Every business should have at least one of these printers available. Today, we’re going to examine why it’s used and what type of printer you may need. We’ll break down which type of business should purchase each type of printer.
What Is MICR Toner?
Magnetic Ink Character Recognition, known as MICR, is a type of toner that is used when printing business checks. The account and routing numbers, along with other numbers, at the bottom of the check are printed using this special ink that allows machines to quickly process checks.
The Federal Reserve in the United States and other financial institutions require that all business checks are printed with MICR for ease of processing. Processing machines respond to the magnetic ink and allow the machine to quickly read the numbers on the check. This technology predates image recognition methods that are now available, and it is still a legal standard for check printing.
In short, what is a MICR? It’s a type of toner that is required for printing business checks in the United States because it significantly increases processing speeds for checks.
What is the Difference Between MICR Toner and Regular Toner?
MICR toner is required by ANSI standards for all business checks. Using MICR toner to print business checks ensures that they are readable by banks and financial institutions. MICR printer manufacturers guarantee that the MICR information will be readable and usable, which cannot be guaranteed by standard printers.
A company that uses MICR technology is investing in added security for its vendors, customers, and themselves. Failing to use this technology can increase check fraud, and the business owner who used the standard toner may be responsible. Your company will need a regular supply of MICR toner cartridges in order to remain in operation.
Why Should I Use a Laser MICR Printer?
A laser MICR printer is the best printer for printing business checks. Why is this the case?
Laser MICR printers are designed for companies that print high volumes of checks. Printers typically have multiple paper trays so they can quickly print checks. There may also be increased security protocols on these printers, such as keeping data encrypted and restricting access to the printer.
There are many
HP MICR toner printers available, make sure that you purchase the correct MICR printer and toner cartridge for your business needs.
Do You Need HP MICR Toner Printers?
Physical checks are still an incredibly common practice in most businesses today. And if you’re printing your own checks, you’ll need the right MICR printer.
Are you looking to print your own checks or replace an existing MICR printer? Printerm
offers MICR ink and toner solutions, and carries a large collection of MICR products, including
toner and
printers.
Browse our collection today to find the right solution for the job.
