What Are the Advantages and Disadvantages of MICR?

Magnetic ink character recognition systems offer high security levels because the MICR characters are written using iron oxide ink and follow a strict format, which makes it virtually impossible to forge; however, these specialized systems are costly and can only be used to read MICR fonts written in specific formats. The cartridges used in MICR printers are also more costly compared to other toner cartridges.

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