Project

MAGNETIC INK

Chandrim Sharma

E N G R 2 0 0 - 0 2

FA L L 2 0 2 0

WHY I CHOOSE THIS MATERIAL ?

• Ink contains particles of Iron, making it responsive to magnets.

• Unique ability to conduct electricity

• Used mainly by the banking industry to ease the processing and clearance of cheques and other documents.

• Very accurate : For every 20,000 to 30,000 checks processed by a MICR scanner, typically only one read error occurs

• Easily available to general public exclusively for small business for financial needs

• Present in our printers at home

• Interesting form of technologic verification

REFERENCES

https://www.lasersave.com/index.php?main_page=page&id=17&chapter=0

http://www.google.com/patents/EP2390292A1?cl=en

https://en.wikipedia.org/wiki/Magnetic_ink_character_recognition

http://www.popularmechanics.com/technology/g176/4301621/