It's now possible to buy MICR printers on eBay for under $200. (For those of you who don't know, MICR stands for Magnetic Ink Character Recognition, and it is typically used to refer to those funny characters at the bottom of your checks. Those funny characters are printed in magnetic ink that allows them to be machine-readable. Since they represent numbers that uniquely identify your bank account, this facilitates the automated processing of paper checks. The string of funny characters is typically referred to as the MICR line or the raw MICR by check professionals. For those of you who are trying to figure out what mischief a miscreant with a MICR printer could make, see the movie Catch Me If You Can.)
Saturday, September 22, 2007
I'm not alarmed, but...
It's now possible to buy MICR printers on eBay for under $200. (For those of you who don't know, MICR stands for Magnetic Ink Character Recognition, and it is typically used to refer to those funny characters at the bottom of your checks. Those funny characters are printed in magnetic ink that allows them to be machine-readable. Since they represent numbers that uniquely identify your bank account, this facilitates the automated processing of paper checks. The string of funny characters is typically referred to as the MICR line or the raw MICR by check professionals. For those of you who are trying to figure out what mischief a miscreant with a MICR printer could make, see the movie Catch Me If You Can.)
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