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Difference Between MICR and Swift Code

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MICR vs Swift Code Though there is no connection between MICR and SWIFT codes, many people all over the world are confused between these two terms that signify two latest technologies used by banking institutions to facilitate money transfers. Whereas MICR is the latest technology that has helped immensely in clearing a very high number […]

Difference Between IFSC and MICR Code

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IFSCvs MICR Code IFSC code and MICR code are terms that are increasingly becoming common in everyday parlance. However, there are some who are still not aware of these concepts and remain confused by them. This article intends to clarify the differences between these two terms by highlighting their features and functions. IFSC code […]

Difference Between MICR and OCR

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MICR vs OCR MICR and OCR are technologies increasingly being used in businesses these days. While OCR is Optical Character recognition, MICR stands for Magnetic Ink Character recognition. Though these techniques have similarities there are difference and specific uses that will be discussed in this article to help people differentiate between these two technologies. MICR […]