NAICS Code 334610-03 - Magnetic Ink Incoding (Manufacturing)

Marketing Level - NAICS 8-Digit

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NAICS CODE 334610-03
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NAICS Code 334610-03 Description (8-Digit)

Magnetic Ink Incoding (Manufacturing) is a specialized industry that involves the production of magnetic ink used for encoding information on checks, bank drafts, and other financial documents. This process involves the use of specialized equipment and materials to create a magnetic pattern that can be read by machines. The magnetic ink is typically printed in a specific font and size to ensure that it can be accurately read by the machines that process these documents. This industry is an important part of the financial sector, as it helps to ensure the accuracy and security of financial transactions.

Parent Code - Official US Census

Official 6‑digit NAICS codes serve as the parent classification used for government registrations and documentation. The marketing-level 8‑digit codes act as child extensions of these official classifications, providing refined segmentation for more precise targeting and detailed niche insights. Related industries are listed under the parent code, offering a broader context of the industry environment. For further details on the official classification for this industry, please visit the U.S. Census Bureau NAICS Code 334610 page

Tools

Tools commonly used in the Magnetic Ink Incoding (Manufacturing) industry for day-to-day tasks and operations.

  • Magnetic ink printers
  • Magnetic ink character recognition (MICR) readers
  • Magnetic ink mixing machines
  • Magnetic ink testing equipment
  • Magnetic ink drying ovens
  • Magnetic ink viscosity meters
  • Magnetic ink particle size analyzers
  • Magnetic ink quality control tools
  • Magnetic ink storage containers
  • Magnetic ink dispensing equipment

Industry Examples of Magnetic Ink Incoding (Manufacturing)

Common products and services typical of NAICS Code 334610-03, illustrating the main business activities and contributions to the market.

  • Check printing
  • Bank draft production
  • Financial document encoding
  • Magnetic ink production
  • Magnetic ink testing
  • Magnetic ink quality control
  • Magnetic ink storage
  • Magnetic ink dispensing
  • Magnetic ink equipment manufacturing
  • Magnetic ink research and development

History

A concise historical narrative of NAICS Code 334610-03 covering global milestones and recent developments within the United States.

  • The Magnetic Ink Incoding (Manufacturing) industry has a long history dating back to the 1950s when magnetic ink was first used to encode information on checks. The industry has since grown to include the production of magnetic ink character recognition (MICR) toners, which are used in printing checks and other financial documents. In recent years, the industry has seen advancements in technology, such as the development of high-speed inkjet printers that can print MICR toners at a faster rate. In the United States, the industry has also been impacted by the shift towards digital payments, which has led to a decline in the use of checks and other paper-based financial documents.