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  2. IBM document processors - Wikipedia

    en.wikipedia.org/wiki/IBM_Document_Processors

    The IBM 1255 is a MICR reader/sorter. The IBM 1270 is an OCR reader/sorter that uses the same sorter engine as the IBM 1255 but with more processing hardware. The CMC-7 models of the IBM 1255 as well as the IBM 1270 were not offered for sale in the United States. [22] [23] The input hopper holds a 5-1/2" stack of documents that uses a gravity feed.

  3. Square (financial services) - Wikipedia

    en.wikipedia.org/wiki/Square_(financial_services)

    In June 2015, Apple announced Square would release a reader device capable of accepting Apple Pay and other contactless payments. [35] In the same year, Square launched a reader for Android and iOS that accepts contactless and chip card payments. [36] Additionally, the firm launched Square Payroll for small business owners to process payroll. [37]

  4. IBM Check Processing Control System - Wikipedia

    en.wikipedia.org/wiki/IBM_Check_Processing...

    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. [11] IBM withdrew CPCS from marketing on Nov 29 ...

  5. List of IBM products - Wikipedia

    en.wikipedia.org/wiki/List_of_IBM_products

    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.

  6. Burroughs Corporation - Wikipedia

    en.wikipedia.org/wiki/Burroughs_Corporation

    Burroughs released the Class 3 and Class 4 adding machines which were built after the purchase of the Pike Adding Machine Company around 1910. These machines provided a significant improvement over the older models because operators could view the printing on the paper tape. The machines were called "the visible" for this improvement.

  7. Electronic Recording Machine, Accounting - Wikipedia

    en.wikipedia.org/wiki/Electronic_Recording...

    The resulting reader was a mechanical tour-de-force, combining five MICR readers with a large rotating drum that forced checks dumped in the top to come out the bottom single-file. The system was eventually able to read ten checks a second, with errors on the order of 1 per 100,000 checks.

  8. Paymaster Corporation - Wikipedia

    en.wikipedia.org/wiki/Paymaster_Corporation

    Willis, however, only saw modest local success with his office machine lines. Theodore B. Hirschberg Sr., a salesman for a competing check-writer company, left that company and brought his sales ability to Checkometer. He also took his client list and possibly some schematics of the machines his old company, G.W. Todd & Co., had sold.

  9. Check verification service - Wikipedia

    en.wikipedia.org/wiki/Check_verification_service

    Some banks bundle a level of this service with a business checking account or with a bank credit card acceptance program. Check verification companies will often offer one, two, or all of the different services in their own system. Some check verification services also offer collection agency service [2] for the civil prosecution of check fraud.

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