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MICR (Magnetic Ink Character Recognition) strips are used by banking industry to automate check processing. It was invented around 1950s. The characters can be recognized in two ways: magnetic recognition and optical recognition. Through the special character design, each character generates unique signal to the MICR reader, making the reading very fast and accurate. To satisfy printing requirements, magnetic ink has to be employed to print checks. You can find a whole bunch of MICR toner vendors through this link.
Morovia MICR E-13B font follows the most recent ANSI standard X9.27-2000 when printed at point size 12. The character set is generally called "E-13B". The standard is used by many countries, including Canada, Japan, United Kingdom and Australia. For the complete country list, click here.
To print checks that can be recognized by check readers, the characters must have precise measurements. Not all MICR fonts in the market, especially these marketed as shareware, meet the printing requirements of the standard.
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