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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.
Document processing usually involved the following process. [9] Firstly documents to be proofed would be loaded into the hopper of a proof machine and then fed through the machine one at a time. For each document: The document would be read: The operator would read the value of each document and key that value into the machine.
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.
The machine also had a full-keyboard with a separate column of keys 1 to 9 for each decade where the keys latch when pressed, with interlocking which prevented more than one key in any decade from being latched. The latching allowed the operator to quickly check that the correct number had been entered before pulling the operating lever.
The bank would ask for the account number, the name on the check, the amount and the check number and just look up the account. Due to banks issuing privacy policies [ 8 ] [ 9 ] designed to protect identity and fraud, telephone merchant funds verification by calling the bank directly is now rare for any bank or credit union to offer this service.
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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