I have developed an application which fills in a check with the whole MICR line  and all details on the check.

It encrypts the Name and the MICR line including the Amount and generates a QR Code on the check.

Receiver can scan the QR Code and send it to a Server and the payer's account is debited and the payee's account is credited.

Advantages and Benefits:-

Banks need not print details on the checks.
Blank checks are delivered to clients reducuing risks of counterfeiting
Signee need not employ accountant to fill in the check 
Receivers need not queue up to cash the check or wait 2 to 3 days to have the check cleared

Here are Screencast >>

http://screencast.com/t/vTYmrvEHufo

http://screencast.com/t/o2la29cAu