Electronic Data Processing (EDP) can refer to the use of automated methods to
process ... The first commercial business computer was developed in the United
Kingdom ... produced its first booklet in...
... in 1959 General Electric delivered the first 32 ERMA (Electronic Recording
Method of Accounting) computing systems Offsite Link to the Bank of America.
The system used MICR (Magnetic Ink Character Reading. Offsite Link ) ERMA
served as the BofA's accounting computer and check handling system until 1970.
In 1950 the Bank of America asked SRI to assess the possibility of ... the labor-
intensive banking tasks of handling checks and balancing accounts. ... Existing
computers were used mostly for scientific calculations. ... ERMA Makes its Debut
... In 1959, General Electric delivered the first 32 ERMA computing systems to the
Introduced by Bank of America in 1955, these innovations launched data ...
Development Begins; The ERMA Computer; MICR; Final Hurdles; The Team ...
bookkeeping machine that would streamline the check handling process. ... To
build the new system, called an Electronic Recording Machine, Accounting (
The Lossproof lighter was introduced in 1947 under the name"LOOP" Then ... Its
purpose was to attract customers who wanted a "lossproof" lighter. ... In 1959,
Zippo began using both the lid and the case to display various sports illustrations.
.... for full-time use as the bank's accounting computer and check han...
tronic recording machlne - accounting) and to develop the MlCR (magnetic- ...
Firs1 in a series about computer use at Bank of America. ... the solution lay in
automating the check-handling system ... and Stanford University were severed.
and the inst~tute adopted its ... Representatives from Bank of America first mct
The E13B font, 1st used on this project, and on your checks today :-)) ... Bank of
America had set up a chain of banks in California, and their first problem ...
generally available for practical computer use, and SRI proposed a system using
these ... By March, 1959, the machine(s) were processing 50,000 accounts/day
and on ...
Jun 17, 2006 ... The Third Generation of computers starts approximately in this era. ... This
language introduced the concept of "block instructions", ... Accounting) computing
systems to the Bank of America in California ... This system made capture data
from the checks possible and a check handling system was introduced ...
checking accounts,4 has led most banks to use a thirty-day cycle which coincides
with ... Article Four accounts in the second group and the statement accounts in
the first ... changes in check-handling and statement preparation procedures. For
example .... the computer from information on tap in its "memory bank." Whether ...
In addition to handling check collections, many of the larger clearinghouses ...
Gradual adoption of accounting machinery and computers also altered the nature
of clearing. ... Washington, D.C.: Board of Governors of the Federal Reserve
System, 1959. ... In 1970 it inaugurated its first electronic payments system, called