Page "Burroughs Corporation" Paragraph 10

In the 1950s, Burroughs had worked with the Federal Reserve Bank on the development and computer processing of magnetic ink character recognition ( MICR ) especially for the processing of bank cheques.

Burroughs made special MICR / OCR sorter / readers which attached to their medium systems line of computers ( 2700 / 3700 / 4700 ) and this entrenched the company in the computer side of the banking industry.