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.
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 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
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 —
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 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...
... 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 ...
Know how to use the computer in the cycle of accounting. 6. ... A knowledge of its
evolution from its earliest beginnings to the present day and the .... Another
member of the first generation of computers was the Electronic .... and some
software systems will cross-check it against the purchase order and the inventory
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