AI-powered MICR read-and-repair engine
How autoMICR Works
No changes are needed to your existing workflow and technology infrastructure. autoMICR leverages a sort-pattern-based targeting process to:
Evaluate MICR data on inbound X9 or other files for accuracy and completeness, targeting (1) missing account, serial or check numbers and (2) Digit errors in the account, serial or check number fields
Reread and evaluate the MICR line with an advanced AI-based OCR engine to optically and instantly correct errors and fill in missing fields with the appropriate data
Accelerate transactions by autocorrecting
MICR data fields
Manually keying in MICR data is costly and time consuming. With some inclearing files having exception rates as high as 1% to 1.2%, financial institutions and lockbox providers face an operational challenge that must be addressed.
autoMICR helps you solve the following problems:
Lack of transaction Control
Incorrect data slows check processing time
Low Morale Among Admin Staff
Too much manual keying can lower employee engagement
Wasted Time & Labor
Manual processes take resources away from more strategic tasks
Discover how the autoMICR application can increase the efficiency of your check processing operations
Unleash the power of the autoMICR solution.
- Make check processing more efficient.
- Avoid business slowdowns.
- Unburden personnel from tedious data entry.
Banking Insights
Want to Learn More?
Meet with one of our experts to find out how your business can benefit from our automation solutions and professional services.
