IBM 1260 ELECTRONIC INSCRIBER

Year Published: 1970s

Creator: International Business Machines

Description: This film "IBM 1260 Electronic Inscriber / Solid Logic for the Banking Industry" probably dates to the early 1970s. It presents the IBM 1260 Electronic Inscriber for use by financial institutions. The 1260, first announced in 1965, was a proofing machine which could sort, list, inscribe and endorse checks and sort them into pockets. Three or five external stackers could optionally be added. It was manufactured by IBM Rochester until September 1971 and withdrawn on December 18, 1981. Background on this: prior to the introduction of computers, check processing was performed manually by each institution. IBM was interested in the automation of this processing and developed the IBM 801 Bank Proof machine in 1934. By eliminating handwritten ledgers, the IBM 801 effectively automated teller operations. By the mid 1950s many banks began to investigate how they could use new technology to help them handle the ever growing volume of cheques that needed to be processed on a daily basis. This led to the development of machines by various companies including IBM, EMI, Burroughs, GE / Pitney-Bowes, and NCR. Document processing in this era usually involved a workflow like this: (1) documents to be proofed would be loaded into the hopper of a proof machine and then fed through the machine one at a time. The operator would read the value of each document and key that value into the machine. The machine would keep a running total of amounts and usually print that out. The document would be inscribed, printing the value of the document onto the document, so it could be electrically read back by either the proof machine or a reader/sorter. It would then be endorsed, by stamping the document, either on the front or the back or both. The the document would be sorted into pockets. 00:00 Introduction to controlling speed with operational versatility of the new IBM Electronic Inscriber. 1:02: - Discussion on the utility and sustained speed of the machine, tailored for the banking industry, emphasizing speed as a system concept. 1:16: Details on how the machine considers machine operators, documents, and processing techniques, with a focus on ergonomic design for operators (right-hand keyboard, left-hand check shoot). 1:39: Features of the keyboard layout, including function keys, select keys, process control, and the significance of the simplified 10-key cluster for speed based on comparative testing. 2:06: Description of specific refinements like the double zero key, overlapped keying, and error correction functionalities, which enhance processing speed and accuracy. 3:10: More on the speed-building features like direct subtraction and automatic error correction, alongside the machine's capability in speeding up proof of deposit processing. 3:56: Explanation of the convenience features of the inscriber, such as operator-oriented console design, easy program setting, and placement of pockets for ease of access. 4:43: Introduction to the tight audit control features, including serial number printing, dollar amount inscription, and cross-identification for tracking, with systems to prevent errors like mis-sorting or imbalance. 5:57: Further on control, where the machine locks up in case of discrepancies, ensuring no overwriting or erasing of data, enhancing operational control. 6:40: Discussion on operational versatility, providing bank operation analysis like transit analysis on deposit tickets, and optional features for detailed float analysis. 7:25: Highlighting multi-field inscribing without the need for special machines, and the machine's sustained performance due to its robust, solid-state electronics and high-capacity components. 8:17: Assurance of continuous performance through IBM's design and field support, summarizing the inscriber's advantages in speed, convenience, control, versatility, and performance.

Complete Record: This film "IBM 1260 Electronic Inscriber / Solid Logic for the Banking Industry" probably dates to the early 1970s. It presents the IBM 1260 Electronic Inscriber for use by financial institutions. The 1260, first announced in 1965, was a proofing machine which could sort, list, inscribe and endorse checks and sort them into pockets. Three or five external stackers could optionally be added. It was manufactured by IBM Rochester until September 1971 and withdrawn on December 18, 1981. Background on this: prior to the introduction of computers, check processing was performed manually by each institution. IBM was interested in the automation of this processing and developed the IBM 801 Bank Proof machine in 1934. By eliminating handwritten ledgers, the IBM 801 effectively automated teller operations. By the mid 1950s many banks began to investigate how they could use new technology to help them handle the ever growing volume of cheques that needed to be processed on a daily basis. This led to the development of machines by various companies including IBM, EMI, Burroughs, GE / Pitney-Bowes, and NCR. Document processing in this era usually involved a workflow like this: (1) documents to be proofed would be loaded into the hopper of a proof machine and then fed through the machine one at a time. The operator would read the value of each document and key that value into the machine. The machine would keep a running total of amounts and usually print that out. The document would be inscribed, printing the value of the document onto the document, so it could be electrically read back by either the proof machine or a reader/sorter. It would then be endorsed, by stamping the document, either on the front or the back or both. The the document would be sorted into pockets. 00:00 Introduction to controlling speed with operational versatility of the new IBM Electronic Inscriber. 1:02: - Discussion on the utility and sustained speed of the machine, tailored for the banking industry, emphasizing speed as a system concept. 1:16: Details on how the machine considers machine operators, documents, and processing techniques, with a focus on ergonomic design for operators (right-hand keyboard, left-hand check shoot). 1:39: Features of the keyboard layout, including function keys, select keys, process control, and the significance of the simplified 10-key cluster for speed based on comparative testing. 2:06: Description of specific refinements like the double zero key, overlapped keying, and error correction functionalities, which enhance processing speed and accuracy. 3:10: More on the speed-building features like direct subtraction and automatic error correction, alongside the machine's capability in speeding up proof of deposit processing. 3:56: Explanation of the convenience features of the inscriber, such as operator-oriented console design, easy program setting, and placement of pockets for ease of access. 4:43: Introduction to the tight audit control features, including serial number printing, dollar amount inscription, and cross-identification for tracking, with systems to prevent errors like mis-sorting or imbalance. 5:57: Further on control, where the machine locks up in case of discrepancies, ensuring no overwriting or erasing of data, enhancing operational control. 6:40: Discussion on operational versatility, providing bank operation analysis like transit analysis on deposit tickets, and optional features for detailed float analysis. 7:25: Highlighting multi-field inscribing without the need for special machines, and the machine's sustained performance due to its robust, solid-state electronics and high-capacity components. 8:17: Assurance of continuous performance through IBM's design and field support, summarizing the inscriber's advantages in speed, convenience, control, versatility, and performance.

Transcription

[Music] before the show begins adjust your sound and focus my voice should be easily heard in all parts of the room beep and Flash should synchronize if they do not reach Che the threading directions on your projector in today's banking world speed is the Ally of profit speed with fatigue reducing convenience speed with airtight audit [Music] control speed with operational vers utility speed that's sustained these are the features of the new IBM electronic inscriber features that mean its solid Logic for the banking industry speed is a system concept machine operator documents are considered as integral parts of an overall processing technique the keyboard is designed to get the most from the great work potential of the skilled right hand the check shoot operates as a unit with the left hand the layout of the keyboard was carefully developed to be easy to learn as well as fast to use function keys select keys for choosing the pocket and item will go to keys for process control override but IBM's simplified 10 key cluster is 10 reasons in itself for this machine's remarkable speed it was chosen after exhaustive side by-side tests proved it consistently faster than full button boards the double zero key one stroke two zeros typifies the many refinements that assure top throughput another refinement overlapped keying the operator can key a new item while another is still being inscribed still another speed Builder ease of correcting errors such as lack of balance between deposit slip and checks the master tape signaled the operator the 5772 total is incorrect as indicated by the letter e $9 the amount of the error was automatically printed comparing the checks listed on the deposit ticket with those on the tape the operator found she keyed the 2116 item as 1216 this accounts for the deposit total of $ 5772 being off $9 correction was fast she simply keyed in the 1216 error and directly subtracted direct subtraction is an important speed building feature of the inscriber she rekeyed the correct amount got a balance as shown on the tape and continued work no manual arithmetic the tape records the subtraction of the 1216 addition of the 216 and correct credit of 6672 this electronic inscriber speeds processing this electronic inscriber speeds processing computers process proof of deposit in many banks with this new inscriber many checks are killed the needed data for computer processing of proof of deposit and Analysis is automatically inscribed on a quick kill ticket convenience is another big feature of this solid logic electronic inscriber the console is uniquely operator oriented spacious comfortable example at the start of a job a dial sets The Machine's program and sort pattern example the printer ribbon for the master tape is in a clean dropin cartridge example the counter controlled auxiliary pockets for mutilated or outof siize items example the pockets carefully placed for easy access from the operator's seat example pocket tapes directly below the pockets the Sorting operation never had it so good the operator never had it so convenient you never had it so fast and efficient tight audit control is another place where the IBM electronic inscriber shines the machine automatically prints a serial number on each check and on the master tape for absolute cross identification dollar amount is inscribed on the check and printed on the master tape also on the master tape is the number of the pocket where the check went the pocket tape likewise shows the pocket number and dollar amount of the check because of the inscribers linked printing characters on check and tapes must agree these three items thus provide an ironclad audit Trail for tracking down missing or returned items let's say a check's returned the serial number locates the check on the master tape the data on the tape tells exactly how the check was handled while in your bank positive control also demands positive check sorting item travel is short direct If an item fails to enter its pocket or enters the wrong pocket the machine locks up if a deposit won't balance the machine locks up it won't inscribe the the deposit ticket so there's no erasing or over inscribing this is real control this is IBM inscriber control the system's operational versatility gives you valuable analyses of your bank operations as an inexpensive byproduct example as an optional feature the machine prints Transit analysis on the deposit ticket in this deposit there is $300 in one float classification $400 in a second classification five is the total number of items in the deposit three is the transaction code a float ticket is used when you want full float analysis an optional feature identical serial and ticket numbers are inscribed on the float ticket and deposit ticket $200 is the total float in this case there are three items in two-day float there's also Al some one-day float there is one such item totaling $100 the machine can indicate six classes of float the inscriber versatility allows multi-field inscribing in a single pass as an optional feature it inscribes missing rooting and Transit on a check with dollar amount or it can inscribe account numbers with dollar amount all keying is before dropping the item no need for special purpose machines all these advantages are available hour after hour day after day sustained performance is a Hallmark reason rugged reliable solid state electronics that become a fine art in this machine electromechanical techniques have been dropped wherever feasible easily replaced circuit cards make this machine a solid performer reason the master tape that's designed to give you the highest capacity in the industry thousands of addition Impressions before reloading reason the mic inscriber ribbon has over twice the capacity of other IBM inscribers reason the pocket tapes have over three times the capacity this machine hates downtime of any kind but the greatest Assurance of continuous throughput is the depth of IBM design noow and the breadth of its field support both unmatched in the industry speed convenience control versatility performance they total out to make this IBM inscriber the solid choice of the banker of logic [Music]

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