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The second was an attachment to the IBM 3600 and 4700 series of banking equipment, and was a start stop TDM loop with time slots assigned to specific 36xx series equipment at 1200 bit/sec. The IBM 3612, 3624 and 3600 communications protocols were incompatible with other ATM vendor's high-level communications protocols.
An accounting machine, or bookkeeping machine or recording-adder, was generally a calculator and printer combination tailored for a specific commercial activity such as billing, payroll, or ledger.
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In 1976 the US company Recognition Equipment Inc (REI) joined. [7] The demand was driven by the central banks, mainly Bank of Japan, Banca d'Italia, De Nederlandsche Bank and the German Deutsche Bundesbank. The sorting machines of the first generation achieved a processing speed of 4 up to 20 banknotes per second.
Government guarantees and Federal Reserve banking regulations to prevent such panics were ineffective or not used. Bank failures led to the loss of billions of dollars in assets. [199] Outstanding debts became heavier, because prices and incomes fell by 20–50% but the debts remained at the same dollar amount.
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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.