Overview
1-6
Generic MICR Fundamentals Guide
The printing process is one small part of the total processing
procedure for a MICR printing system user. Quality and accuracy
of the check documents must be closely controlled during
printing to prevent problems from occurring when the document
is processed off-site.
Check processing procedure
All checks impact at least three parties:
•
The person who writes the check
•
The person to whom the check is being paid
•
The bank at which the check writer has an account
Depending on where and by whom the check is deposited, how
the check is processed, and how the check is handled for funds
clearance, many different parties can handle the same check.
Fraud can occur at any of the steps or access points in this
process.
The following steps, illustrated in figure 1-2, trace a document
through a series of corporate and banking system procedures
typical of the MICR environment.
Summary of Contents for 6100BD - Phaser Color Laser Printer
Page 1: ...January 2003 701P22140 Xerox Document Services Platform Generic MICR fundamentals guide...
Page 17: ...Overview Generic MICR Fundamentals Guide 1 7 Figure 1 2 Life cycle of a check...
Page 22: ...Overview 1 12 Generic MICR Fundamentals Guide...
Page 46: ...Paper facts 3 18 Generic MICR Fundamentals Guide...
Page 74: ...Document design 4 28 Generic MICR Fundamentals Guide...
Page 86: ...Document processing 5 12 Generic MICR Fundamentals Guide...
Page 105: ...Quality control Generic MICR Fundamentals Guide 6 19 Figure 6 12 E13B characters and waveforms...
Page 146: ...Security 8 18 Generic MICR Fundamentals Guide...
Page 150: ...References A 4 Generic MICR Fundamentals Guide...
Page 164: ...Glossary Glossary 14 Generic MICR Fundamentals Guide...