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Electronic Recording Machine, Accounting - Wikipedia

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 month and banks were being for...

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.

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

infostory.com/2014/09/14/erma-a-milestone-in-bank-automation/

Sep 14, 2014 ... Today in 1959, Bank of America received the first ERMA (Electronic Recording ... was the largest bank in California, and led the world in the use of checks. ... feasibility study for automating their bookkeeping and check handling… ... Machine, Accounting) system the GE-100, was installed today in 1959.

Electronic Recording Machine, Accounting (ERMA) | SRI International

www.sri.com/about/timeline/erma-micr.html

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), ...

SRI ERMA HISTORY

www.smecc.org/sri_erma_history.htm

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  ...

Frontiers of Progress - Spielberg, Abagnale and OCR

www.spielberg-ocr.com/MICR/ronald-reagan-speech-frontiers-of-progress.pdf

General Electric Company, with its tremendous resources, is continuing to invest in ... But where and when did the exploration of this information handling frontier begin? ... Was it in 1954 when the first large-scale electronic computer system for ... processing bank checks with magnetic ink character recognition techniques.

ERMA (Electronic Recording Method of Accounting)

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/

Beginning in 1949, check processors using an IBM proof machine could punch in ... it introduced a high-speed bank transit system designed for use by US Federal ... By replacing hand-written teller sheets, the 801 machine—and its successor, the ... IBM System/360, unveiled in 1964 as the first compatible computer series.

1953-69 Zippos - The Passionate Wick

www.thepassionatewick.com/photos.html

The Lossproof lighter was introduced in 1947 under the name"LOOP" Then ... The shape of the ring was changed, due to it's ability to pinch the fingers. ... In 1959, Zippo began using both the lid and the case to display various sports illustrations. .... full-time use as the bank's accounting computer and check handli...

Bank of America revolutionizes banking industry from Bank of America

about.bankofamerica.com/en-us/our-story/bank-of-america-revolutionizes-industry.html

It revolutionized the banking industry with the world's first computer used in banking. It was called ERMA, Electronic Recording Method of Accounting. .... All checks had to be cleared by hand and banks were closing by 2:00 p.m. to process them all. ... MICR was so successful in its design that it was adopted as the industry ....