Which equipment is used to capturing data from cheques?

1. What device is used for cheque processing?
2. Which method is used to input data from bank cheques?
3. What is MICR device?
4. Which technology is used in banks for cheque processing *?
5. Is OCR an input device?
6. Is plotter an input device or output device?
7. Is a printer an input or output device?
8. What is an example of data capture?
9. What is data capture in computer?
10. What are the tools that manipulate data?
11. Why is MICR used on cheques?
12. What is MICR number on Cheque?
13. What is MICR and OCR?
14. What device is used for reading cheque in banks * Scanner OMR MICR?
15. Which technique is best suited for bank cheques?
16. Are used in banks to process cheques?

What device is used for cheque processing?

Detailed Solution. The correct answer is MICR. To validate the cheque, banks use Magnetic Ink Character Reader (MICR).

Which method is used to input data from bank cheques?

Banks use MICR to read the numbers from the bottom of cheques to obtain data such as account numbers and bank sort codes.

What is MICR device?

The MICR is a device that can recognise human readable characters printed on documents such as cheques using a special magnetic ink. ... The MICR has a magnetic head which can detect the magnetic pattern for each character. The abbreviation MICR stands for Magnetic Ink Character Recognition.

Which technology is used in banks for cheque processing *?

Magnetic Ink Character Recognition, or MICR, is a character recognition technology used primarily by the banking industry to facilitate the processing of cheques and makes up the routing number and account number at the bottom of a cheque.

Is OCR an input device?

OCR is an input device used to read a printed text. OCR scans the text optically, character by character, converts them into a machine readable code, and stores the text on the system memory.

Is plotter an input device or output device?

A plotter is a printer that prints a vector image. It receives data from computer and prints it on paper. So it is an output device.

Is a printer an input or output device?

Printers and speakers are examples of computer output devices. Printers output digital information such as text or image files to a physical medium such as paper. Speakers output the audio from digital files into audible sound waves.

What is an example of data capture?

A data capture form is designed to collect specific data. A form completed by a customer buying a car from a showroom is an example of a data capture form. ... Data is often entered as a code in a database, for example in the data capture form, Y is used for Yes and N for No.

What is data capture in computer?

Data capture, or electronic data capture, is the process of extracting information from a document and converting it into data readable by a computer. More generally, data capturing can also refer to collecting relevant information whether sourced from paper or electronic documents.

What are the tools that manipulate data?

Examples of tools and software used to interpret and manipulate data: Spreadsheet software such as Excel. Visualization software. Mapping software such as ArcGIS.

Why is MICR used on cheques?

The magnetic ink allows a computer to read the characters even if they have been covered with signatures, cancellation marks, bank stamps, or other marks. MICR lines help facilitate automatic check-clearing when banks send their checks to central processing systems at the end of the day.

What is MICR number on Cheque?

MICR code is a code printed on cheques using MICR (Magnetic Ink Character Recognition technology). This enables identification of the cheques and which in turns means faster processing. An MICR code is a 9-digit code that uniquely identifies the bank and branch participating in an Electronic Clearing System (ECS).

What is MICR and OCR?

OCR is a scanner that scans the pages comprised of texts. MICR is a character scanning technology but it utilizes a magnetic ink and special characters. ... In MICR, only special type – magnetic ink created using iron oxide are used. In OCR, Scanned data is used for editing or printing.

What device is used for reading cheque in banks * Scanner OMR MICR?

Magnetic Ink Card Reader (MICR) MICR input device is generally used in banks because of a large number of cheques to be processed everyday.

Which technique is best suited for bank cheques?

Answer Expert Verified. Magnetic ink character recognition or MICR code is a character-recognition technology which is used by banks to read cheques.

Are used in banks to process cheques?

Magnetic Ink Character Recognition is a character-recognition technology adopted mainly by the banking industry to facilitate the processing of cheques. The ability to process checks and deduct payment amounts using a routing number is one of the advantages of the magnetic ink character recognition line.