Gail Marie
2.2 MICR ENCODING ON REMITTANCES
Detailed diagrams of the placement of information to appear in the MICR reserved area appear in Appendices I and II of Part II of this Rule. All specifications contained in CPA Standard 006 remain applicable; however layout changes are as follows:
(a) Amount Field: Character positions 11-2 inclusive shall be reserved for the Remittance Amount.
(b) On-Us Field:
i) Transaction Code Section: Code 96, to indicate it is a Remittance, shall be located anywhere within the four positions of the Transaction Code Section. The remaining two positions shall be blank