Tag: ERMA
Tech Time Warp: Meet ERMA, the machine that automated check processing
Tech Time Warp: Meet ERMA, the machine that automated check processing
When did you last write a check? In July 2024, Target became the latest retailer to stop accepting checks, citing “extremely low volumes” of customers paying by check. Use of checks — already declining before the COVID-19 pandemic — took...
Tech Time Warp: Bank of America introduces ERMA and revolutionizes checking
Tech Time Warp: Bank of America introduces ERMA and revolutionizes checking
It’s easy to write checks off as passé, but according to Next Gen Personal Finance, the average American still writes 38 checks a year. Next time you pull out your checkbook, consider the extraordinary staying power of checking technology, which...
