A check signer is a machine that mechanically signs checks, typically creating a facsimile signature. This automated process ensures efficiency in handling large volumes of check transactions.
Magnetic Ink Character Recognition (MICR) is a technology used to verify the legitimacy and improve the processing of checks and other documents by using ferromagnetic ink, enabling characters to be read and sorted automatically.
A substitute cheque, also known as an image replacement document (IRD), is a negotiable instrument used in electronic clearing mechanisms to improve the efficiency and speed of check processing.
