82ad790e_and_Merchant_Services_Glossary__Definition
[Term] Magnetic Ink Character Reader (MICR) [Definition] 
A countertop device used to scan and recognize magnetic ink character lines. A MICR line is a series of digits at the bottom of a check that provides details about the bank and account on which the check is drawn and supports authorization and clearing routines.
Credit Card Processing and Merchant Services Glossary
Definition