Features of Software Used to OCR a Check
When it comes to banks there is a need for software to OCR a check and read the MICR line data that is present on it. This software is most needed when checks are received by the bank and the check information has to be transferred to another bank. In such cases, checks are usually scanned and converted into image formats such as JPEG, TIFF, or PDF. In these formats, there is no possibility for conventional software to capture information present on the scanned document because they have the same properties as photographs. In such situations, software used to OCR a check can be used to capture the MICR line data which is present on the scanned image of the check. This data can then be routed along with the check image during the clearing process. This is where software that can OCR a check is needed the most, as it reduces the time taken to process checks and clear them.
How Does Software Used to OCR a Check Help Reduce Labor in a Bank?
When software is used to OCR a check, the labor needed to process and clear checks in a bank after they are received from customers decreases drastically. This is due to the fact that human labor does not need to be employed and operators do not have to manually read through checks and retype data from them into databases or computers. Thus software that is used to OCR a check can help reduce the time it takes to process checks considerably. Also, checks do not have to be transmitted physically, which reduces the processing time even further.
What Software is Available to OCR a Check?
There are several types of software available to OCR a check and these can be found quite easily on the Internet. Among these there are packages which can be used in a centralized setting and others which can be used in client/server mode.