Sign Banking PDF Iowa Computer

Industry sign banking alaska pdf computer

[Music] it is not only possible it is practical of course you know about the machine language adopted by the american bankers association standard uniform magnetic characters it's a common language that can be read by both men and machines banks can communicate with electronic speed they can step ahead of their city's growth they can have special reports facts figures and statistics if they choose a fully automated system banking like all american business is a competitive business the right system puts you in a better competitive position with better more complete services for your customers and more efficient methods in your bank choosing the right system isn't just the matter of choosing devices no an automated system is a system of integrated devices and ideas and services of course it is important to evaluate the hardware but it is just as important to evaluate the experience ideas and services behind the hardware let's look at a real system which has the ability to automate your bank accounting operations effectively and efficiently and imagine the benefits it can provide for your bank and customers typical of the many bank operations that this system can perform is demand deposit accounting automation reduces error this saves time money and pleases customers peak loads can be handled easily you can set up a system with a cushion for expansion without enlarging your bank or employing more personnel customer statements are prepared automatically in addition a great variety of very valuable reports can be produced by a modern computer that is integrated into a correctly planned system the right system can enable you or any other banker to do a much better job information handling systems in wide variety are available for large or small banking operations systems of unit record equipment systems such as the 1401 the 1410 the 7074 let's look more closely at one of them as it might be used for one of the many jobs it can perform in your bank demand deposit accounting here is the proof inscriber the unit inscriber the 1401 with its processor card read punch and high-speed printer the reader sorter magnetic tape units the proof inscriber or unit inscriber inscribes each item in magnetic characters for further processing the reader sorter reads these magnetic characters and sorts the items at speeds up to 96 000 items per hour it may be used independently for sorting or as part of a system and under control of the stored program for reading and sorting items the processor controls all computing and all input output operations the card read punch under the control of the processor is used for card input 2 and output from the system reading up to 880 column cards per minute and punching up to 250 of these cards per minute in basic card systems each card may contain all information about a particular account or transaction the high-speed printer under the control of the processor prints the information at speeds up to 600 lines a minute if only numeric information is needed printing speeds of 1285 lines a minute can be realized the basic system becomes even more powerful by the addition of magnetic tapes which can contain all of your accounting information and process it at tremendous speeds the extra speed and capacity of random access memory is also compatible with the system the building block concept makes this system practical for smaller volume growing banks as well as high activity banks now let's watch each unit as it contributes to the total function of the system this machine looks very much like the proof machines you've seen in many banks quite probably your own bank the proof inscriber does the same job but in addition it inscribes the checks with magnetic ink according to aba specifications because it is a familiar machine your personnel will be able to operate it it sorts lists proves and endorses checks in a single operation to the already imprinted routing transit and account number the proof inscriber adds additional magnetic characters the control and transaction code and the dollar amount after the last item has been inscribed a total is imprinted in magnetic ink on a control slip for each batch of documents this batch control slip for each package is inscribed with the batch control number and total dollar amount to aid in tight control of subsequent processing this flexible proof inscriber can be set up to classify regular accounts classify large volume accounts commercial or other accounts and miscellaneous items such as general ledger items and internal debits and credits this kind of distribution is relatively simple from the operator's point of view for she is classifying according to number rather than name on us and other internal items are inscribed automatically a byproduct of the normal proving function as common language becomes more common when transit and rooting information is imprinted in magnetic characters on more checks foreign checks may also be selectively inscribed with the dollar amount multiplying the benefits of the system a high production economical unit inscriber does the same job inscribing checks and control slips but omits the sorting operation of the proof inscriber it's a high-speed machine built to be operated at the maximum capabilities of your personnel now let's watch a reader sorter in action the checks and control slips are put on this platform you can load a good size stack or just a few items the twin loading platforms make practical continuous feeding let's take a closer look the checks are aligned and the magnetic charge is placed on the ink characters this exclusive multi-channel reading head assures maximum accuracy and character recognition the checks are rooted automatically to the proper pocket special pockets are selected for payroll or dividend accounts and rejected items all the pockets are easily accessible to the operator every digit of every field is checked on the first pass so that invalid items are pulled out for corrections right at the start at full speed the sorter counts to assure that each character required is present it may operate independently for digit by digit sorting as we see here sorting items at speeds up to 96 000 an hour to accomplish fine sorting however the reader sorter's full potential is realized only when it is used as part of a data processing system under control of the stored program in the processor this is the processing unit the electronic device that takes over the paperwork it houses the aris medical logical and input output functions and controls the entire system through stored programs that is a set of step-by-step instructions stored in the memory direct the entire system to perform the job desired this results in a uniform manner of handling each transaction according to thoughtful policies of management instead of having policies interpreted in many different ways to realize the power of the processor and in order to understand the integration of selected units into a demand deposit system we must imagine the flow of information from unit to unit the reader sorter reads information from the checks deposit and batch control slips to the processor here the information is analyzed according to the instructions of the detail program all this is done with such speed that an instruction returns from the processor routing the check to the correct pocket while it travels mere fractions of an inch in the sorter the information from the documents is first used to print a batch proof list and ledger control totals at the same time the information from the checks and other items is stored on magnetic tape three hundred fifty thousand or more transactions on a single reel here is the printer under the control of the processor using information directly from documents to produce the batch proof list and ledger control totals it prints information at rates up to 96 000 transactions an hour up to four transactions on each line these transactions on tape are then sorted to account sequence after the information is organized in account sequence on tape it is used to update or post customer account records on new tapes during the posting run the trial balance is printed and proved the punched cards still play an important role even though all the accounting information is on the tapes for example cards initiate requests for special statements or signal special conditions such as overdrawn accounts or stop payment suspects they make practical control over uncollected funds holes and may be used to insert new customer information during the posting run only after all the bookkeeping has been accomplished on magnetic tape is the system ready to produce customer information you have seen some of the equipment used in the most powerful banking system available today of equal importance are other factors that make the machines a functioning efficient integrated system experience ideas and services mean greater profitability to your bank local representatives with specialized training and experience in both banking and data processing systems assist the banker in choosing planning and installing the system that best fits the needs of his bank experts in physical planning assist in site selection and layout local customer engineers install the equipment and assure its continued performance the availability of library routines and personal programming assistance through skill system engineering is essential to the efficient performance of the system outstanding among these is the programmed applications library for demand deposit accounting a complete package program for the 1401 tape system which eliminates a major part of the programming effort it can be readily adapted to the requirements of the individual bank test centers across the country enable pre-testing of these individual programs data centers provide system time by the hour personnel trained in mathematics and science assist in the development of advanced banking concepts and the solution to many complex banking problems teams of research engineers seek constantly to improve banking equipment to meet the challenges of tomorrow specialized schools for bank executives and operating personnel are taught by instructors using modern techniques in addition to these teams of specialists assistance at the local level helps to make this system the most practical and efficient system available it is engineered for growth the modular concept enables capacity to grow through the addition of units as the bank grows it is today's system engineered with tomorrow in mind designed to help your bank help your community grow and grow it will you