MICR Toner for Check Printing
by Corey Rogan IT ConsultantMany businesses have discovered that it's far more convenient and
less expensive to print their own business checks. In order to be
processed by a bank or financial institution, however, the checks'
routing numbers and the company's bank account must be printed using
MICR toner. This toner is magnetically enhanced and must be used to
print authentic checks. Only a certain area of the printed check must be
printed with MICR toner. Checks must also feature the font designated
by the Federal Reserve for routing and account information to be valid.
Buying and Using MICR Toner
MICR
toner can be purchased from online stores or other venues that
specialize in selling printers and this type of toner. Many businesses
that print their own checks designate a single printer loaded with MICR
toner for check printing. Otherwise, a business wastes this specialized
toner if they print items other than checks. Of course, the cartridge
can simply be switched when checks need to be printed. It's essential to
use MICR toner as checks will not be valid without it and is “a way to
help prevent fraudulent alteration of documents” (1). Banks will not
process checks without MICR toner and they may even charge a fee for
having to reject invalid checks.
The Benefits of Printing Your Own Checks
More Information about MICR Toner
MICR
toner can be applied to plain white check stock or colored checks. It
will also work on check paper enhanced with security features like
watermarks. MICR toner works with a wide array of laser printers
including popular models from brands like HP, Lexmark, Ricoh, and Canon
(2). Because this toner is easy to procure and easy to use, many
businesses make it a rule of thumb to keep it on hand for check
printing. For businesses that use a lot of checks, this is an economical
route to go. Even if you don’t need to print checks in bulk, “you can
swap the regular toner cartridge in a printer that produces regular
office output with the specialized cartridge that contains magnetic
toner to imprint small batches of checks when you need them” (3).
Some
businesses have opted to choose MICR toner with secure features. For
instance, if someone tries to alter the routing number or account
chemically, the printed check toner changes to red. Check fraud
continues to be a significant problem faced by financial institutions
and businesses. Security features like this help to decrease the
potential for fraud.
Obtaining and using MICR toner is easy and
convenient. Many businesses find that printing their own checks is the
only way to go. They can avoid waiting weeks for needed checks to be
printed and can securely print and design their own checks for use. If
you have additional questions about using MICR toner, your toner vendor
will be able to discuss your questions and concerns in depth. They can
also advise you about other important aspects of proper check printing.
1. "MICR Toner", TROY Group, http://www.troygroup.com/products/toner/micr_toner.aspx
3. "Four Main Reasons for Using MICR Toner in Printing Checks", Chron Small Business, http://smallbusiness.chron.com/four-main-reasons-using-micr-toner-printing-checks-70441.html
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Created on Dec 31st 1969 18:00. Viewed 0 times.