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Affiliated Computer Services, a large information technology supplier, paid $50,000, and the RDM Corporation, a small Canadian company that sells hardware and software for payment processing, agreed to "pay a fee for each check imaging terminal it deploys and 'a per-click royalty for storage of electronic documents and check information ...
This data processing was accomplished by processing punched cards through various unit record machines in a carefully choreographed progression. [5] This progression, or flow, from machine to machine was often planned and documented with detailed flowcharts that used standardized symbols for documents and the various machine functions. [ 6 ]
CPCS (Check Processing Control System) is an IBM software product that supports high-speed check sorting within financial institutions. [ 5 ] [ 6 ] The software works in conjunction with check-sorting equipment, such as the IBM 3890 .
It manufactured self-service kiosks, point-of-sale terminals, automated teller machines, check processing systems, and barcode scanners. NCR was founded in Dayton, Ohio , in 1884. It grew to become a dominant market leader in cash registers, then decryption machinery, then computing machinery, and computers over the subsequent 100 years.
Prior to the introduction of computers, cheque processing was performed manually by each institution. IBM recognised the opportunity to automate this processing and began a long period of building machines for this purpose, a period that started when IBM announced the IBM 801 Bank Proof machine in 1934. [1]
Products, services, and subsidiaries have been offered from International Business Machines (IBM) Corporation and its predecessor corporations since the 1890s. [1] This list comprises those offerings and is eclectic; it includes, for example, the AN/FSQ-7, which was not a product in the sense of offered for sale, but was a product in the sense of manufactured—produced by the labor of IBM.
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