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Does magnetic ink still need to be used in the MICR line on cheques that will be processed in the new imaging environment?

April 26, 2017cheques Environment imaging ink line MAGNETIC MICR processed Used

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Does magnetic ink still need to be used in the MICR line on cheques that will be processed in the new imaging environment?

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Yes, magnetic ink must be used in the MICR line, as automated processing equipment will still rely on magnetic ink to read data from the MICR line. Under the CPA’s current cheque imaging initiative, image technology will supplement MICR processing rather than replace it.