The First Demonstration of Magnetic Ink Character Reading

7/1956
"MICR E-13B font of 14 characters. The control characters bracketing each numeral block are (from left to right) transit, on-us, amount, and dash."
Image Source: en.wikipedia.org

"MICR E-13B font of 14 characters. The control characters bracketing each numeral block are (from left to right) transit, on-us, amount, and dash."

In July 1956 MICR (Magnetic Ink Character Recognition) for streamlining the processing and clearance of checks was demonstrated to the Bank Management Committee of the American Bankers’ Association.

Timeline Themes

Technology / Engineering
Data Processing / Computing
Accounting / Business Machines