ERMA, the world’s first computerized banking system, could be considered the great-grandmother of today’s ATMs and mobile banking apps.
The newest addition to the Computer History Museum’s permanent collection is called ERMA — it’s short for Electronic Recording Machine, Accounting — an early banking computer that you could say is the great-grandmother of today’s ATMs and mobile banking apps.
Like companies would for the next several decades, Bank of America turned to Silicon Valley for a solution — and this was before “Silicon Valley” even existed. “More generally, ERMA demonstrated the potential of electronic data processing for banking transactions, got GE into the computer business, and was one of the earliest successful large-scale applications of computers to business anywhere,” Dag Spicer, senior curator for the Computer History Museum, wrote in a blog post about the donation. “Given that at the time the project started, electronic digital stored-program computers were less than five years old, ERMA was incredibly ambitious.
“She has been, since the beginning, the company’s symbol of excellence through her extraordinary performances and stellar choreography,” Masters said.
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