This standard specifies the required elements of the universal interbank batch/bundle ticket. It is expected that bankers refer to this standard when designing this special interbank form. This standard is sufficiently flexible to meet differing document and institution needs without unnecessary constraints. This standard provides the reader with specifications for a universal interbank batch/bundle ticket that contains data that may be recognized among all financial institutions wishing to utilize interbank batch/bundle tickets and not adversely affect those that do not.
This standard covers the design and the functional characteristics of the strip extension (魋trip? as affixed to a check. These strips provide a new MICR clear band area used to modify or correct the MICR line of items for forward collection, returns, rejects, or other banking interchange systems.
This standard specifies the contents for MICR Document Specification Forms. It may be used to create specifications for the design and manufacture of checks and deposit tickets, as well as other financial institution MICR documents. The standard is sufficiently flexible to meet the needs of a variety of financial institutions. The standard is not the specification form itself.