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MICR (Magnetic Ink Character Recognition)
The information printed on a check in magnetic ink. The MICR information helps MICR scanners retrieve important information from the check including the routing number, account number...
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POS (Point-of-Sale)
A one time debit entry to the account of a receiver where the entry is initiated at an electronic terminal. POS transactions are generally initiated with a merchant issued plastic card.
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PBR (Consumer Cross-Border Payment)
A PBR entry is a debit or a credit entry to or from the account of a consumer where the participants are in two different countries.
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