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Electronic Recording Machine, Accounting - Wikipedia


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: A milestone in bank automation | The Story of Information


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

Electronic Recording Machine, Accounting (ERMA) | SRI International


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


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 ...

1953-69 Zippos - The Passionate Wick


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...

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


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 ...

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


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.

Bank clearinghouses facts, information, pictures | Encyclopedia.com ...


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 ... When American clearinghouses were first organized, their published reports ... Washington, D.C.: Board of Governors of the Federal Reserve System, 1959.

banking facts, information, pictures | Encyclopedia.com articles ...


It is only in this way that confidence in the banking system can be maintained. ... bank can “create credit” for use by its customers—either by issuing additional notes ... Once the accounts of banks begin to show more deposits than cash, part of ... the use of the bank note at about the same time as the check, although the first ...

IBM100 - The Automation of Personal Banking


... 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 ...

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ERMA and MICR (1959) : HistoryofInformation.com


... 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  ...

ERMA (Electronic Recording Method of Accounting)


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 ...