Web Results

Electronic Recording Machine, Accounting - Wikipedia, the free ...

en.wikipedia.org/wiki/Electronic_Recording_Machine,_Accounting

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 ...

ERMA and MICR (1959) : HistoryofInformation.com

www.historyofinformation.com/expanded.php?id=992

... 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.

Electronic Recording Machine, Accounting (ERMA) | SRI International

www.sri.com/work/timeline-innovation/timeline.php?timeline=computing-digital#!&innovation=electronic-recording-machine-erma

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 ( ERMA), ...

History of Computing Industrial Era 1958 - 1964

www.thocp.net/timeline/1958.htm

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 ...

Highlights of IBM History - IBM 1401

ibm-1401.info/Highlights-of-IBM-History.html

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 computers ...

ERMA - Ed Thelen's Nike Missile Web Site

ed-thelen.org/comp-hist/ERMA.html

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 ...

IBM100 - The Automation of Personal Banking

www-03.ibm.com/ibm/history/ibm100/us/en/icons/bankauto/

... 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 ...

MICR, ERMA and Ronald Reagan | Catch the Truth If You Can

www.spielberg-ocr.com/MICR.html

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 — machine ...

Bank clearinghouses Facts, information, pictures | Encyclopedia ...

www.encyclopedia.com/topic/Bank_clearinghouses.aspx

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 ...

ERMA – the Electronic Recording Method of Accounting | Blog ...

blog.dreamhardware.com/erma-the-electronic-recording-method-of-accounting/

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.

More Info

ERMA: A milestone in bank automation | The Story of Information

infostory.com

Sep 14, 2014 ... Today in 1959, Bank of America received the first ERMA (Electronic Recording Machine, Accounting) system. From Wikipedia: In 1950, Bank of America was the largest bank in California, and led the world in the use of checks. ... feasibility study for automating their bookkeeping and check handling

SRI ERMA HISTORY

www.smecc.org

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  ...

The Role of Computer in Enhancing Banking - Scribd

www.scribd.com

ABSTRACT Computer is basically introduced and the basics of its purpose are ... 2.3 Brief historical background of Union Bank of Nigeria Plc. 2.4 Banking services . .... with form ed to take over the activities of the Bank between 1959 and 1979. .... for full time use as the ban's accounting comp uter and check handling system.