https://peertube.dngr.us/videos/watch/8ff04c97-c29e-4543-b9e7-339ca0dfef23 Join this channel to get access to perks: https://www.youtube.com/channel/UCddem5RlB3bQe99wyY49g0g/join Help us preserve, scan and post more rare and endangered films! Join us on Patreon. Visit https://www.patreon.com/PeriscopeFilm Visit our website www.PeriscopeFilm.com 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 It was manufactured by IBM Rochester until September 1971 and withdrawn on December 18, 1981.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. 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