Some Features of MICR Cheque

The abbreviation for magnetic ink character recognition is MICR, which is a recognition technology based on characters printed with magnetic ink or toner and processed by magnetization and magnetic induction. MICR characters are information printed on the document, so the code line information can be captured by magnetic recognition. This technique is used in checks to make them safer. MICR characters are information printed on the document, so the code line information can be captured by magnetic recognition. Special inks that are sensitive to magnetic fields are used to print certain characters on the original document.

Some characteristics of MICR cheque are:

Paper standard: The paper on which MICR checks must be CBSI (clearing bank Specification 1 or clearing bank standard 1)

Security standards: As an enhanced security measure, MICR cheques have added some special features.

Watermark: You can see the bank’s watermark in the MICR cheques.

Microprint: Microprint is used as an enhanced security measure.

Magnetic ink: Magnetic ink is used to avoid counterfeiting.

Invisible ultraviolet fluorescent lamps: Invisible ultraviolet fluorescent lamps are an extra step to avoid counterfeiting.

Chemical sensitivity: Special chemical sensitivity helps to detect counterfeit products.

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Work out your total printer cost

Predicting and maintaining your printing costs is not easy, but if you want to limit the amount of money you have to buy an office printer that suits your needs, this is an important task.

Therefore, you must first determine the features you need, and now you don’t have to consider limiting costs. You must meet your office requirements, so it’s best to fix them first.

Printer running costs, ink and toner

Once you have determined the printer requirements and considered some models, you can start investigating the cost of printing. In order to save the most money and at the same time choose the right printer for your needs, you first need to be familiar with some of the terminology that printer manufacturers often use when selling their latest and greatest machines. Cheap printers typically use expensive ink cartridges. In the long run, they will eventually cost more to maintain.

To roughly calculate the cost per page, divide the price of the ink cartridge or toner cartridge by the number of pages the manufacturer says should be covered. However, these numbers may not be realistic. The printer manufacturer’s data is based on 5% of each page covered by ink. In fact, the entire page is usually close to 10%.

The same problem affects any “cost per page” data quoted by the manufacturer, so always add a little salt to them.

Accurately predict the cost per page

If you know the format and layout of the page you want to print (such as a company letterhead or marketing brochure), you can use page overlay software like APFill to predict the cost of printing per page in your company.

Whether you need a lot of color printing or a separate high-capacity black cartridge for more regular printing, this will help you find the most valuable printer to meet your business needs. Combine running costs with the initial printer purchase price to get a clearer picture of what the printer will cost for your overall business.

Monitor your printing costs

After purchasing a new printer, check to see if the printer comes with printer maintenance or counting software to monitor how many pages you get from each cartridge or toner cartridge. Over time, this will allow you to predict when you need to purchase a replacement cartridge.

Printing cost calculator

How much does your company spend on printing costs each year?

If you find yourself or your colleagues printing frequently, you may want to know how much the printing costs to your company.

A Gartner study found that companies use 1-3% of their annual revenue for printing. This means that if your company’s annual revenue is $10 million, it will cost $100,000-$300,000 in printing!

Your printing costs can be divided into two main sub-categories, focusing on printing costs and another sub-process cost.

Printing cost

The cost of printing refers to any costs incurred by the printer. This includes the cost of the printer, the cost of printer consumables (such as ink), and the cost of printing paper.

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