Cryptocurrency Q&A
Why do banks use MICR?
Why do banks use MICR?
Martino
Sun Oct 06 2024
|
7
answers
1471
Could you explain to me the significance of MICR for banks? What advantages does it offer that traditional methods lack? How does it enhance the efficiency and security of the check-clearing process? Additionally, how has the adoption of MICR technology transformed the banking industry in recent years?
Previous
Do I have to peel lemons and oranges before juicing?
Next
What is the difference between linear probability model logit and probit model?
