How

the need MICR Toner came
be /> MICR toner is already in the fifties was. Their development of a serious need to revolutionize the banking sector and the type reviewed their procedures. The checks have experienced long-term changes in the last 400 years, and the use of MICR toners was one of the latest updates in its history.

How have MICR toner happened and what is its role in development as we use controls? The answer lies in the development of the checks themselves.

Goldsmiths and the use of checks

Before there was paper money, checks, it was much less gold and silver. Gold and silver coins used as money, and passengers along certain when they purchase goods and services required. However, parts could be carrying around heavy or dangerous. Highwaymen were only too happy to respond to innocent travelers and take their coins.

Thus, in 1600, goldsmiths appeared in England and Europe. These banks worked as goldsmiths work in those days. People deposited gold and silver with them in exchange for credits. Credit ratings have also been a goldsmith’s notes, drafts and bills of exchange. They were the first checks that people had to use.

The gold rush in California

The gold rush in California in the mid-1800s also provided the same problems. Trains with gold and silver have been attacked by robbers. To this end founded companies such as Wells Fargo & Co., which operated a bus line that carries the gold, a state-chartered bank in California. By the bank, it was gold instead of transport controls.

Since the controls were more popular by the 1900′s, the Federal Reserve Bank districts created to shorten the time for the check clearing and processing. With time, the control of that development, the new challenge of conveying and sorting technology reduces process controls.

The birth of the /> MICR Toner
In the 1950s, the American Bankers Association, acknowledged that it is difficult to volumes on volumes of carrying out manual handling and sorting. It is necessary to fully automate the process. And yes, came MICR toner to be.

In the year 1956 as part of the commission to the automation of check processing, Dr. Kenneth R. Eldredge address of the Stanford Research Institute (SRI) conducted a study on what is now a Magnetic Ink Character Recognition, or MICR known. The use of MICR toners made checks the machine-readable and human eye. Another thing, MICR toner makes beautiful, is that their formulation was mixed with iron oxide. The iron oxide, it is possible for machines of the MICR toner ink not yet read, though each of them in writing or make the brand or brands.

SRI, General Electric and Bank of America have been at the forefront of technology development MICR toner and MICR. The U.S. patent for the technology was then added to General Electric.

The final size of the fonts printed MICR toner is managing the work of Battelle Memorial Institute, the American Banking Association on the study of 50 fonts for individual printers. This process led to the E-13B font usually with checks and MICR Toner place.

In the 1960s, the use of MICR font with MICR toner for check printing processing has become the norm in the world. But the online banking and images created another revolution in the banking sector, it would not be surprising to see other changes in the development of MICR toner and MICR technology in the coming years.


MICR Toner