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The ERMA logo. ERMA (Electronic Recording Machine, Accounting) was a computer technology that automated bank bookkeeping and check processing.Developed at the nonprofit research institution SRI International under contract from Bank of America, the project began in 1950 and was publicly revealed in September 1955.
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. [2] [7] IBM began development of CPCS in or before 1971.
This piece of equipment is used by financial institutions to sort and tally all cheques, utility payment and gift certificates at the end of each banking day. The machine reads the magnetic ink characters and/or the optical characters that are encoded on the bottom of each document. This code line facilitates totalling the cheques and sorting ...
Media: ink and toner cartridges; memory cards and flash drives; Communication equipment: desk telephones, cell phones, and VOIP adapters; Wi-Fi adapters, ethernet cable, network routers and switches; Paper in roll or reel form: label tape, fax machine thermal paper, and adding machine tape;
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]
The machine-readable lower portion of a cheque must be printed using MICR toner or ink. Banks and other clearing houses employ automation equipment that relies on the magnetic flux from these specially printed characters to function properly.
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