Magnetic Ink Character Recognition Biometric System is used to encode and read information on checks and bank drafts to speed clearing and sorting. The Biometric System is effective for uncovering fraud, such as colour copies of payroll checks or hand-altered characters on a check, both of which are easily detected by the absence of magnetic ink. The Biometric System has the feature of fast clearing and sorting. The Magnetic Ink Character Recognition Biometric System is used for fraud detection and finds application in financial institutions, and retail establishments.
