Xerox 6180N Generic MICR Fundamentals Guide  - Page 153

Committee of London Clearing Banks. Formally an organization - toner

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Glossary check truncation chipping CLCB MICR clear band clearinghouse CMC7 code line, MICR convenience amount convenience amount clear area comparator correspondent bank cover stock CPA crayoning The conversion of the information on a check into some form of electronic recording after it enters into the processing system. The process is called truncation because the physical processing of the check is cut short. The removal of Xerox MICR LPS toner in reader/sorters, which is due to wear and tear stresses placed on the image by these processing devices. Committee of London Clearing Banks. Formally an organization similar to ABA, but with standards setting authority for banking systems in the U.K. (Replaced by APACS.) A horizontal band on a document that extends upwards 5/8-inch (0.625-inch/15.87-mm) from the bottom edge of the document containing the MICR line. Sometimes referred to as the MICR band, although the definitions are different (see MICR band). A voluntary association or corporation that acts as a medium through which banks in some areas exchange items drawn on each other and make settlements. A font used in magnetic ink printing The .25-inch (6.35-mm) high region centered in the clear band that contains the MICR characters. Also known as the MICR "band". The value of the check expressed in numbers. An area above and below the convenience amount Scan band held clear of printing that would interfere with the convenience amount. An special optical tool to measure MICR character dimension and positional attributes. A bank that maintains an account relationship or exchanges services with another bank. A heavyweight paper available in white or colors, designed for use as covers on booklets, etc. Canadian Payments Association. An organization, headquartered in Ottawa, having standards setting authority for banking systems in Canada equivalent to APACS in the U.K. A smudging of the MICR line on documents, commonly associated with the IBM 3890 reader/sorter. Generic MICR Fundamentals Guide Glossary-3

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Glossary
Generic MICR Fundamentals Guide
Glossary-3
check truncation
The conversion of the information on a check into some form of
electronic recording after it enters into the processing system.
The process is called truncation because the physical
processing of the check is cut short.
chipping
The removal of Xerox MICR LPS toner in reader/sorters, which is
due to wear and tear stresses placed on the image by these
processing devices.
CLCB
Committee of London Clearing Banks. Formally an organization
similar to ABA, but with standards setting authority for banking
systems in the U.K. (Replaced by APACS.)
MICR clear band
A horizontal band on a document that extends upwards 5/8-inch
(0.625-inch/15.87-mm) from the bottom edge of the document
containing the MICR line. Sometimes referred to as the MICR
band, although the definitions are different (see MICR band).
clearinghouse
A voluntary association or corporation that acts as a medium
through which banks in some areas exchange items drawn on
each other and make settlements.
CMC7
A font used in magnetic ink printing
code line, MICR
The .25-inch (6.35-mm) high region centered in the clear band
that contains the MICR characters. Also known as the MICR
“band”.
convenience
amount
The value of the check expressed in numbers.
convenience
amount
An area above and below the convenience amount
clear area
Scan band held clear of printing that would interfere with the
convenience amount.
comparator
An special optical tool to measure MICR character dimension
and positional attributes.
correspondent
bank
A bank that maintains an account relationship or exchanges
services with another bank.
cover stock
A heavyweight paper available in white or colors, designed for
use as covers on booklets, etc.
CPA
Canadian Payments Association. An organization,
headquartered in Ottawa, having standards setting authority for
banking systems in Canada equivalent to APACS in the U.K.
crayoning
A smudging of the MICR line on documents, commonly
associated with the IBM 3890 reader/sorter.