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SMALL CHECK SCANNER MICR READ PERFORMANCE BENCHMARK STUDY

With the shift from centralized to distributed capture occurring in the financial industry, there is a growing concern with checks that are captured by small inexpensive check scanners. Many fear a deterioration in the quality of the MICR and image data captured is emerging among early adopters. In the case of MICR read quality, higher rejects will lead to increases in operational costs for processing checks. Misreading checks may lead to incorrect routings and account postings, which in turn leads to financial losses and customer dissatisfaction.

Silver Bullet, in response to market indications of inferior MICR read performance from small check scanners, has conducted an independent MICR read performance study. The study validates the industry’s claims of inferior performance in the smaller scanners and assesses the value of adding MICR read performance enhancement technology to check processing.

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