Common use of Image and MICR Quality Clause in Contracts

Image and MICR Quality. Check Images of each Check shall be of such quality that the following information can clearly be read and understood by sight review of such Check Images: 1. the amount of the Check; 2. the payee of the Check; 3. the signature of the drawer of the Check; 4. the date of the Check; 5. the Check number; 6. the information identifying the drawer and the paying bank (or other institution) that is preprinted on the Check, including the magnetic ink character recognition (“MICR”) line; and 7. all other information placed on the Check prior to the time the Check Images of the Check are captured, such as any required identification written on the front of the Check and any endorsements applied to the back of the Check.

Image and MICR Quality. Check Images of each Check shall be of such quality that the following information can clearly be read and understood by sight review of such Check Images: 1. the amount of the Check; 2. the payee of the Check; 3. the signature of the drawer of the Check; 4. the date of the Check; 5. the Check number; 6. the information identifying the drawer and the paying bank (or other institution) that is preprinted on the Check, including the magnetic ink character recognition (“"MICR”") line; and 7. all other information placed on the Check prior to the time the Check Images of the Check are captured, such as any required identification written on the front of the Check and any endorsements applied to the back of the Check.

Image and MICR Quality. Check Images of each Check shall be of such quality that the following information can clearly be read and understood by sight review of such Check Images: 1. a. the amount of the Check; 2. b. the payee of the Check; 3. c. the signature of the drawer of the Check; 4. d. the date of the Check; 5. e. the Check number; 6. f. the information identifying the drawer and the paying bank (or other institution) that is preprinted on the Check, including the magnetic ink character recognition (“MICR”) line; and 7. g. all other information placed on the Check prior to the time the Check Images of the Check are captured, such as any required identification written on the front of the Check and any endorsements applied to the back of the Check.