Comment by schlauerfox

Comment by schlauerfox 13 hours ago

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There was a time that printed checks had to use special laser toner called MICR Toner that was magnetic so the magneto readers could machine read the check bottoms routing and account numbers, but that went away when the Fed just ran it all as ACH/ electronically and optically scanned checks around the time mobile deposit and well after OCR became a thing. Last I checked the rule was still present in the statues.