Lexmark provides fraud protection with magnetic ink
Printer manufacturer Lexmark on Wednesday teamed up with Dataline, a Magnetic Ink Character Recognition specialist, to help companies automatically recognise fraudulent documents and more easily organise their financial paperworkThe earliest Magnetic Ink Character Recognition (MICR) systems were installed in the 1950s by banks and other financial institutions but Lexmark said smaller companies will now have access to the same technology at a fraction of the cost.