What is MICR Toner and why is it used for Check Printing?

What is MICR Toner and why is it used for Check Printing?

What is MICR? MICR is an acronym for “Magnetic Ink Character Recognition,” which refers to machine-readable text that allows computers to read and process the printed information. MICR technology system was developed by the American Bankers Association in the 1950s...
Positive Pay: A Powerful Tool to Protect Your Company

Positive Pay: A Powerful Tool to Protect Your Company

What is Positive Pay? Positive Pay is a fraud prevention system offered by most major banks designed to protect against forged, altered and counterfeit checks thus this system acts as a form of insurance for a company against fraud, losses, and other liabilities to...
The True Costs of a Writing a Check

The True Costs of a Writing a Check

There are several reasons that explain the fact that many businesses in the U.S. still use checks for payments. Checks are universally known and accepted as a payment method and all businesses know how they work. Another reason is that many businesses prefer the...