ERMA (Electronic Recording Machine, Accounting), was a pioneering computer
development ... Bank of America's checking accounts were growing at a rate of
23,000 per ... The first production ERMA ...
... 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.
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 (
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 ...
IN THE EARLY YEARS of its corporate life, starting in 1911, IBM was known as
the ... Carriage improves alphabetical accounting machines by automatic
handling of special forms ... International proof machine, to clear bank checks, is
introduced. .... Data Processing Division opens first of Datacenters to make IBM
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 ...
... of the check-clearing process when it introduced its first proof machine in 1934.
... it introduced a high-speed bank transit system designed for use by US Federal
... Of particular importance to banks was the IBM 1400 series, introduced in 1959,
and ... In the 1960s, a system's hub was typically an IBM 1401 computer, which ...
An introduction to check fraud and magnetic ink character recognition. ... It's just
desks in a big surface occupied by bank tellers (with a vault in the .... Document
handling pockets of ERMA (Electronic Recording Machine - Accounting) ..... The
first computer ever built in the Silicon Valley was an OCR — well, MICR —
In addition to handling check collections, many of the larger clearinghouses
assumed ... Greatly increased use of charge accounts and credit cards after
World War II reduced ... Washington, D.C.: Board of Governors of the Federal
Reserve System, 1959. ... In 1970 it inaugurated its first electronic payments
system, called the ...
May 22, 2014 ... ERMA was first demonstrated to the public in 1955 (September), and first tested
... Thirty-two units were delivered to the Bank of America in 1959 for full-time use
as the bank's accounting computer and check handling system.