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...
... 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.
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.
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 (
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
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.
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 ...
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.
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
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 ....