Environment
2-2
Generic MICR Fundamentals Guide
Issuing checks
The most common use of MICR printing systems is the process
of obtaining check stationery from the manufacturer and
encoding it with MICR information. Most businesses regularly
issue checks in at least two of the following categories.
•
Payroll checks
•
Accounts payable checks
•
Dividend checks
•
Benefit checks
•
Drafts
•
Warrants
•
Negotiable orders of withdrawal
Issuing turnaround documents
Turnaround documents refer to any type of volume transaction,
whether negotiable or not, that requires data capture. Familiar
examples of turnaround documents are:
•
Credit card invoices
•
Insurance payment booklets
•
Instant rebate coupons
Turnaround documents are also used in remittance processing,
which is a procedure for handling items returned with a payment.
MICR encoded turnaround documents enable organizations to
cut their resource and equipment costs. For example:
1. A bank card company MICR encodes an account number on
the bill and remittance slip that is sent to the customer.
2. The payment is returned with the remittance slip. When the
bank card company receives the check and payment slip, the
two documents are visually checked to see that the amounts
are the same on both.
3. The documents are processed by a MICR reader sorter,
which reads magnetic ink characters.
Содержание 6100BD - Phaser Color Laser Printer
Страница 1: ...January 2003 701P22140 Xerox Document Services Platform Generic MICR fundamentals guide...
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Страница 46: ...Paper facts 3 18 Generic MICR Fundamentals Guide...
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Страница 102: ...Quality control 6 16 Generic MICR Fundamentals Guide Figure 6 11 Examples of extraneous ink spots...
Страница 105: ...Quality control Generic MICR Fundamentals Guide 6 19 Figure 6 12 E13B characters and waveforms...
Страница 146: ...Security 8 18 Generic MICR Fundamentals Guide...
Страница 150: ...References A 4 Generic MICR Fundamentals Guide...
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