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It is a high speed ink jet printer used to print document tracking number on each cheque which goes through the machine. At the same time an “endorsement” stamp is sprayed on to show which institution has handled the cheque. On Models A-F, an “endorsement” stamp is used to show what institution has handled the cheque.
Security printing is the field of the printing industry that deals with the printing of items such as banknotes, cheques, passports, tamper-evident labels, security tapes, product authentication, stock certificates, postage stamps, and identity cards.
The impact from a postmarking machine then leaves a UV-visible mark as well as an ink mark which identifies attempts to reuse stamps. In a similar vein, asset-numbering labels on corporate equipment (PCs and the like) are often designed to leave an imprint of either the serial number, or the word "VOID" if the label is peeled off.
An intelligent banknote neutralisation system (IBNS) is a security system, that is used by banks, ATMs, retail establishments, vending machines [citation needed] and the cash-in-transit industry, to render stolen funds un-useable and easily identifable. Dye packs are inserted between bills in random bundles.
Magnetic ink character recognition code, known in short as MICR code, is a character recognition technology used mainly by the banking industry to streamline the processing and clearance of cheques and other documents.
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