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Lexmark provides fraud protection with magnetic ink

Lexmark provides fraud protection with magnetic ink

Printer manufacturer Lexmark on Wednesday teamed up with Dataline, a Magnetic Ink Character Recognition specialist, to help companies automatically recognise fraudulent documents and more easily organise their financial paperworkThe earliest Magnetic Ink Character Recognition (MICR) systems were installed in the 1950s by banks and other financial institutions but Lexmark said smaller companies will now have access to the same technology at a fraction of the cost.

October 13, 2004 by