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Omni-font American inventor Ray Kurzweil creates Kurzweil Computer Products Inc., which develops the first omni-font OCR software, able to recognize text printed in virtually any font. [4] 1976 Company Dallas company Recognition Equipment Inc. is founded to read credit card receipts from gasoline purchases (U.S. Patent 4027141). [8] 1977 Company
The IBM 1282 is an offline optical reader that is used to read embossed credit card receipts, a mark read field or machine printed characters in three different fonts. [17] It then outputs this data onto a punched card. It was developed and manufactured by IBM Endicott. [18]
MICR E-13B is also used to encode information in other applications, such as sales promotions, coupons, credit cards, airline tickets, insurance premium receipts, deposit tickets, and more. E-13b is the version specifically developed for offset litho printing. There was a subtly different version for letterpress, [citation needed] called E-13a ...
Manual card imprinter Another type of manual card imprinter (Janome M220) with a smaller sliding handle. A credit card imprinter, colloquially known as a ZipZap machine, click-clack machine or Knuckle Buster, is a manual device that was used by merchants to record credit card transactions before the advent of payment terminals.
A credit card is a payment card, usually issued by a bank, allowing its users to purchase goods or services, or withdraw cash, on credit. Using the card thus accrues debt that has to be repaid later. [1] Credit cards are one of the most widely used forms of payment across the world. [2]
If signatures are required, cardholders sign a receipt after a purchase, and the merchant or retailer compares the signature on the receipt to an official signature on the back of the credit card.