1960 General Electric Computer - GE 210 - 1961 MICR - Banking Finance Data Processing
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- เผยแพร่เมื่อ 29 มิ.ย. 2024
- From US Government Archives, a 1961 film spotlights the GE 210 Computer. The GE 210 Computer announced in 1960 was based on the earlier ERMA (Electronic Recording Machine Accounting) system developed in the early 1950’s. ERMA systems used MICR (magnetic ink Character recognition) which revolutionized bank check processing. At least 44 systems were produced from 1960 to 1964. Film created for the former Merchandise National Bank of Chicago in 1961.
For more information on the history of GE computers and ERMA systems, the following resources are recommended:
General Electric Computer Department from the bottom up, 1961 through 1965, by Ed Thelen
www.ed-thelen.org/EarlyGE-Comp...
Southwest Museum of Engineering, Communications and Computation
www.smecc.org/
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I'm amazed they do this with tape.
Amazing... they had to deal with so much paper. Remarkable mechanical devices.
Ten dollars back then was a lot of money in 1961, equal to a half-day's pay for many job holders in the US.
A cup of coffee could be had for les than ten cents.
Five-cent candy bars could still be found at grocers; though 10 cents got you better candy bars.
Exactly so! Good point. I remember getting three sticks of licorice for a penny, but I confess I'm a bit old now... : ) ~ Charles, at CHAP
Yep, that's how it was done. Then disks replaced tape, and the blinkenlights disappeared from the operator's console. About all that is still the same today is the general design of the check reader/sorter, and even those are slowly going away as people write fewer checks.
then along came credit cards . i did a stint at the old united california bank in los angles data center for a while . then that all got shipped off shore . dont trip on a seam in the carpet like i did with a finished run of checks . ohm myyy, what a mess . came back next day and found out that only 7 items were out of sort. and you can tell when the machine is about to jam as it makes a certain noise and then the whole thing grinds to a halt. i got to the point where i could predict which bin was about to jam.pre sort , rough sort and final sort. :)
Hi Allan, that's a pretty good skill. Thanks for sharing. ~ Victor, CHAP
In today's digital age, the youth are asking: "What are checks?"
Nowadays, if an older person loses their checkbook, fear not! As whomever finds it, those blank checks would be nothing more than mere strips of paper to a young person finding it . . . little to fear about the checks being forged.
In Europe, or at least here in Scandinavia, cheques largely disappeared in the 1990s, but we already had other ways to pay for bills and such long before that, so they weren't used much even before that. Although we had giro cards instead which were probably just as much work and the system to deal with them was definitely equally complex. It all went away with online banking and these days you can't get cheques issued here. They simply don't exist. You can still get a bank certified cheque if you really need one, but it's something you have to order in advance and it may take days to prepare because we also don't have local bank branches anymore.
You try to give the video more brightness it will be great if you do
Hi Nguyen, thank you for your feedback on this video. We will take another look at the master film where possible. We appreciate your input! ~ Victor
Crachett ! You've had your Coal for the day; get back to Work Sir, before I decide I no longer need your Services !
nice video but something worries me: 9:48 "Sallys and other documents are shown in the same random order in which they were received by hte reader sorter" then why pay for the sorter function if it does not sort the documents!
GE bailed out of the computer industry way too early.
Hi David, you may be right. GE had lots of technical know-how back then, and a good reputation. My guess is they they feared IBM's greater reach with IBM's existing customer base that they built back in the very early days of punch card accounting machines. Their sales force was a thing to be reckoned with. But if GE had stayed with it, who knows how far they would have gone.
@@ComputerHistoryArchivesProject I just finished reading a new book about GE. Rise and Fall. Great book. It mentioned GE was in the computer business but bailed because of IBM. It's such a sad tale about the fall of GE.
@@ComputerHistoryArchivesProject IBM had a great product but expensive and they are difficult to work with which GE could have exploited.
Hi David, thanks very much for the reference to the GE book. I think you are referring to "Power Failure: The Rise and Fall of an American Icon" by William Cohen. Sounds fascinating and has very good reviews too.~ Thanks! ~ Victor
@@ComputerHistoryArchivesProject One thing that is interesting is the fall of the Japanese giant "Toshiba" which is very similar to the fall of GE. Hitachi is another giant in big trouble.