2007-08-28 06:39:31 · 3 answers · asked by robert m 1 in Business & Finance ➔ Other - Business & Finance
Bank of America, with the ERMA (Electronic Recording Method of Accounting) computer processing system invented at Stanford Research Institute.
2007-08-28 12:46:06 · answer #1 · answered by F. Frederick Skitty 7 · 1⤊ 0⤋
Banks used computers since long before 1959.
I started in the computing profession about then ... we had IBM 1620 IBM 4440, various kinds of tabulating equipment ... it iwas 85% punched cards, the rest a mixture of paper tape and wiring boards.
I do not know what all they used them for.
We would have a hard time figuring out now which was the first sale of computing equipment to a bank in the year 1959 because most of the computer companies that existed back then are no longer in business, or have been bought out with name cahnges.
Also a lot of this was not public information.
One bank buys a computer & has a media PR about it.
Another bank buys a computer & no one knows about it, except a few people who work at the bank, because there's some notion that secrecy is good for business.
2007-08-29 01:07:06 · answer #2 · answered by Al Mac Wheel 7 · 0⤊ 0⤋
RBI in india
2007-08-29 04:13:08 · answer #3 · answered by Anonymous · 0⤊ 0⤋