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IBM Document Processors
IBM manufactured and sold document processing equipment such as proof machines, inscribers and document reader/sorters for financial institutions from 1934 to 2005. IBM and document processing 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. By eliminating hand written ledgers, the IBM 801 automated teller operations. By the mid 1950s many banks began to investigate how they could use new technology to help them handle the ever growing volume of cheques that needed to be processed on a daily basis. As an example, Bank of America's checking accounts were growing at a rate of 23,000 per month and banks were being forced to close their doors by 2 p.m. to finish daily postings. Meanwhile, in the United Kingdom, wages began t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
CMC-7
Magnetic ink character recognition code, known in short as MICR code, is a character recognition technology used mainly by the banking industry to streamline the processing and clearance of cheques and other documents. MICR encoding, called the ''MICR line'', is at the bottom of cheques and other vouchers and typically includes the document-type indicator, bank code, bank account number, cheque number, cheque amount (usually added after a cheque is presented for payment) and a control indicator. The format for the bank code and bank account number is country-specific. The technology allows MICR readers to scan and read the information directly into a data-collection device. Unlike barcode and similar technologies, MICR characters can be read easily by humans. MICR encoded documents can be processed much faster and more accurately than conventional OCR encoded documents. Pre-Unicode standard representation The ISO standard ISO 2033:1983, and the corresponding Japanese Industrial ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Uithoorn
Uithoorn () is a municipality and a town in the Netherlands, in the province of North Holland. Population centres The municipality of Uithoorn consists of the following cities, towns, villages and/or districts: De Kwakel and Uithoorn. ''Dutch topographic map of the municipality of Uithoorn, June 2015'' History The name ''De Uithoorn'' (or also ''De Uythoorn'') was used at the end of the Middle Ages for the location of the lower courts of the deanery of Saint John. The village formed around its courthouse. People depended on agriculture and animal husbandry. Agriculture became increasingly more difficult due to the steady soil subsidence. From c. 1600 on, peat extraction became important and resulted in the formation of large ponds, which in turn would be made into polders later on. During the Franco-Dutch War in the "disaster year" of 1672, Uithoorn was on the front lines and fortifications were built. During the Batavian Republic period, the neighbouring village of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
IBM System/360 Model 25
The IBM System/360 Model 25 is a low-end member of the IBM System/360 family. It was announced on January 3, 1968, 3 years before the IBM System/360 Model 22, as a "bridge between its old and new computing systems". History At a time when lower priced alternatives, such as service bureaus - by 1968, there were 32 such service bureaus serving the US National Institutes of Health (NIH) alone - and prior generation systems, such as the Honeywell 200, a competitor to IBM's own IBM 1401, were available, this model provided a stop-gap measure. Both the Model 25 and the Model 22, which had been marketed as entry level systems, were withdrawn on the same day, October 7, 1977. Models The Model 25 can be configured with 16K, 24K, 32K, or 48K of core memory. Characteristics The base Model 25 implements the System/360 standard and commercial instruction sets. The scientific or universal instruction sets are optional features. The Model 25 logic is built on IBM SLT modules mounted on plug ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
IBM Check Processing Control System
CPCS (Check Processing Control System) is an IBM software product that supports high-speed check sorting within financial institutions. The software works in conjunction with check-sorting equipment, such as the IBM 3890. IBM began development of CPCS in or before 1971. It was scheduled to be available in October 1972, although the IBM System/360 and System/370 Bibliography shows CPCS documentation as newly added in the August 1972 edition. The goal was to create a database of all MICR entries and handle pass control. It was designed to work with OS/360 in 256KB of core storage. It was IBM Product 5734-F11. CPCS is run on IBM System/360 and later IBM mainframe computers and receives the data from the document processor and can store information from the cheques, including the bank number, branch number, account number and the amount the check was written for, as well as internal transaction codes. IBM withdrew CPCS from marketing on Nov 29, 2021. References See also ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Optical Character Recognition
Optical character recognition or optical character reader (OCR) is the electronic or mechanical conversion of images of typed, handwritten or printed text into machine-encoded text, whether from a scanned document, a photo of a document, a scene-photo (for example the text on signs and billboards in a landscape photo) or from subtitle text superimposed on an image (for example: from a television broadcast). Widely used as a form of data entry from printed paper data records – whether passport documents, invoices, bank statements, computerized receipts, business cards, mail, printouts of static-data, or any suitable documentation – it is a common method of digitizing printed texts so that they can be electronically edited, searched, stored more compactly, displayed on-line, and used in machine processes such as cognitive computing, machine translation, (extracted) text-to-speech, key data and text mining. OCR is a field of research in pattern recognition, artificial in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
MICR
Magnetic ink character recognition code, known in short as MICR code, is a character recognition technology used mainly by the banking industry to streamline the processing and clearance of cheques and other documents. MICR encoding, called the ''MICR line'', is at the bottom of cheques and other vouchers and typically includes the document-type indicator, bank code, bank account number, cheque number, cheque amount (usually added after a cheque is presented for payment) and a control indicator. The format for the bank code and bank account number is country-specific. The technology allows MICR readers to scan and read the information directly into a data-collection device. Unlike barcode and similar technologies, MICR characters can be read easily by humans. MICR encoded documents can be processed much faster and more accurately than conventional OCR encoded documents. Pre-Unicode standard representation The ISO standard ISO 2033:1983, and the corresponding Japanese Indus ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Institution
Financial institutions, sometimes called banking institutions, are business entities that provide services as intermediaries for different types of financial monetary transactions. Broadly speaking, there are three major types of financial institutions: # Depository institutions – deposit-taking institutions that accept and manage deposits and make loans, including banks, building societies, credit unions, trust companies, and mortgage loan companies; # Contractual institutions – insurance companies and pension funds # Investment institutions – investment banks, underwriters, and other different types of financial entities managing investments. Financial institutions can be distinguished broadly into two categories according to ownership structure: * Commercial banks * Cooperative banks Some experts see a trend toward homogenisation of financial institutions, meaning a tendency to invest in similar areas and have similar business strategies. A consequence of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Computerworld
''Computerworld'' (abbreviated as CW) is an ongoing decades old professional publication which in 2014 "went digital." Its audience is information technology (IT) and business technology professionals, and is available via a publication website and as a digital magazine. As a printed weekly during the 1970s and into the 1980s, ''Computerworld'' was the leading trade publication in the data processing industry. Indeed, based on circulation and revenue it was one of the most successful trade publications in any industry. Later in the 1980s it began to lose its dominant position. It is published in many countries around the world under the same or similar names. Each country's version of ''Computerworld'' includes original content and is managed independently. The parent company of Computerworld US is IDG Communications. History The first issue was published in 1967. Going international The company IDG offers the brand "Computerworld" in 47 countries worldwide, the name and f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
OCR-B
OCR-B is a monospace font developed in 1968 by Adrian Frutiger for Monotype by following the European Computer Manufacturer's Association standard. Its function was to facilitate the optical character recognition operations by specific electronic devices, originally for financial and bank-oriented uses. It was accepted as the world standard in 1973. It follows the ISO 1073-2:1976 (E) standard, refined in 1979 ("letterpress" design, size I). It includes all ASCII symbols, and other symbols needed in the bank environment. It is widely used for the human readable digits in UPC/ EAN barcodes. It is also used for machine-readable passports. It shares that purpose with OCR-A, but it is easier for the human eye and brain to read and it has a less technical look than OCR-A. History In June 1961, the European Computer Manufacturers Association (ECMA) started standardization activities related to Optical Character Recognition (OCR). After evaluating existing OCR designs, it was ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
