11. Magnetic Ink Card Reader (MICR)
Magnetic Ink Card Reader (MICR) is a font capable of recognition using magnetically charged ink. Computer equipped with the right hardware and software can print or read the character printed in such ink.
OCR is an input device used to read a printed text. OCR scans text optically character by character, converts them into a machine readable code and stores the text on the system memory.
MICR input device is generally used in banks because of a large number of cheques to be processed every day. The bank's code number and cheques number are printed on the cheques with a special type of ink that contains particles of magnetic material that are machine readable. This reading process is called Magnetic Ink Character Recognition (MICR). The main advantages of MICR is that it is fast and less error prone.
12. Optical Character Reader (OCR)
OCR is the process of taking an image of letters or typed text and converting it into data the computer understands. A good example is companies and libraries taking physical copies of books, magazines, or other old printed material and using OCR to put them onto computers. While far from perfect, OCR is currently the best method of digitizing typed page of text.
Methods of Input (OCR)
Data are generally passed to the computer by using a scanner or other hardware device, like a digital camera. Some computer fax applications use OCR to transform incoming faxes from graphics files into word processing documents.
Data are generally passed to the computer by using a scanner or other hardware device, like a digital camera. Some computer fax applications use OCR to transform incoming faxes from graphics files into word processing documents.
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