tag:blogger.com,1999:blog-12897315.post4831216203505010350..comments2024-03-28T09:54:55.115-05:00Comments on Dad29: A Loss for MilwaukeeDad29http://www.blogger.com/profile/08554276286736923821noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-12897315.post-65698284209205526722011-11-18T21:09:01.151-06:002011-11-18T21:09:01.151-06:00You missed one, Dad. Back in the early 70s then Fi...You missed one, Dad. Back in the early 70s then First Wisconsin National Bank (FWNB, later Firstar and now US Bank) had a larger DP processing business than M&I, Marine or Midland. Headquartered in Milwaukee with satellite DP collection centers in Madison, Eau Claire and Clintonville, it serviced hundreds of banks throughout Wisconsin, the UP, eastern Minnesota, Chicago and northern IL.<br /><br />It also had a large payroll processing business for commercial customers (both the Brewers and Packers were clients at that time!), which at its height processed payrolls for over 2000 clients. While Fiserv and M&I later went national, First Wis decided not to, despite inquiries from east and west coast banks. After assorted reorgs and acquisitions – not to mention the advent of cheaper inhouse and PC-based systems - the Correspondent Bank Processing business became less attractive and was progressively eliminated.<br /><br />Different times! And yes, Dalton was an institution. RIPGORhttps://www.blogger.com/profile/14313101159848740722noreply@blogger.comtag:blogger.com,1999:blog-12897315.post-47583871326529256612011-11-18T16:55:56.380-06:002011-11-18T16:55:56.380-06:00It's so good of you old cranks to educate us y...It's so good of you old cranks to educate us young whippersnapper, LOL!Badger Catholichttps://www.blogger.com/profile/05389147035157025445noreply@blogger.comtag:blogger.com,1999:blog-12897315.post-40519466057243273002011-11-18T16:48:27.985-06:002011-11-18T16:48:27.985-06:00You're kidding, right?
In the Good Old Days, ...You're kidding, right?<br /><br />In the Good Old Days, computers actually cost money. A LOT of money. So only a few places actually had computers.<br /><br />Often, they were called "service bureaus" b/c they handled payroll-processing, G/L processing, and (in this instance) bank transaction-processing, in batch-mode.<br /><br />Online/real-time wasn't really a factor until the early 1970's.<br /><br />You kids these days....Dad29https://www.blogger.com/profile/08554276286736923821noreply@blogger.comtag:blogger.com,1999:blog-12897315.post-79601346882456043182011-11-18T16:26:52.411-06:002011-11-18T16:26:52.411-06:00What does "data processing" mean? Finan...What does "data processing" mean? Financial transactions?Badger Catholichttps://www.blogger.com/profile/05389147035157025445noreply@blogger.com