DVP - Take the Money Order Image to your bank and ask them if it was processed

[Jim Hargrove]

Two Items
1) actual money exchange between banks for processed checks was by either Bankwire or Fedwire during the 60's. On a local basis, checks were presented at the clearinghouse and balance adjustments between banks were performed by various agreements.
2) Some banks used the cashier's stamp as an endorsement. Others processed checks through semiautomatic check processing systems such as the IBM803 series (also called a Proof Machine.) The endorsement could be stamped in the machine. Not all banks used this option. In 1961, IBM introduced the 1401 computerized check processing system and endorsement by machine was expanded.

I do not know what process First National Bank of Chicago used in 1963. I do know that they were behind the industry, when Bob Wilmouth became President in the 1970's. I was deeply involved in large bank automation beginning in 1972.
I am afraid I can not shed any real light on Klein Money Order from direct experience.

Thank you for this information, Mr. Bowden. If a Postal money was endorsed in an IBM 803 or 1401 system, would some proof of that endorsement appear on the front or back or both of the paper money order?