IBM 402

The 402 could read punched cards at a speed of 80 to 150 cards per minute, depending on process options, while printing data at a speed of up to 100 lines per minute.

The built-in line printer used 43 alpha-numerical type bars (left-side) and 45 numerical type bars (right-side, shorter bars) to print a total of 88 positions across a line of a report.

[1] The IBM 403 added the ability to print up to three lines, such as a multiline shipping address, from a single punchcard, instead of just one line per card with the 402.

Additional controls included a carriage control tape and mechanical levers called hammersplits and hammerlocks, that controlled some printing functions.

In July 2010, a group from the Computer History Museum reported that an IBM 402 was still in operation at Sparkler Filters, Inc., a manufacturing company that produces chemical filtration systems, in Conroe, Texas, still as of 2022[citation needed] the company's accounting and payroll is done on the oldest American computer in service within the United States of America or elsewhere on the Earth.

IBM 402 control panel wiring. This board was labeled "profit & loss summary."