MICR: Magnetic Ink Character Reader
🔵 MICR characters are readable even if a document is obscured by marks or
overprinted
🔵 MICR systems provide a high level of security since MICR documents are difficult to forge
🔵 The error rate for reading MICR characters is small as compared to other character recognition systems
🔵 Printing of MICR is demanding, requiring difficult-to-achieve standards which causes it to be slower to print
🔵 MICR readers are expensive to purchase
🔵 Capable of recognising only MICR fonts written in a specific format
🔵 MICR printers run on cartridges that cost far more than other toner cartridges
OCR:Optical Character Reader
🔴OCR is much faster than someone manually entering large amounts of text
🔴OCR is cheaper than paying someone to manually enter large amounts of text
🔴OCR can allow documents to be made editable MICR does not
🔴OCR – all documents need to be checked over carefully and then manually
corrected
🔴OCR – not 100% accurate, there are likely to be some mistakes made during
reading...
...such as 1 and I, O and 0
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