MICR (Magnetic Ink Character Recognition)
The information printed on a check in magnetic ink. The MICR information helps MICR scanners retrieve important information from the check including the routing number, account number...Learn More
An acquirer is a bank that processes credit and debit card transactions for a merchant.
A one time debit entry to the account of a receiver whom is notified, at the point of purchase, that their check (source document) will be converted...Learn More