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.
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.
The 402 and 403 were primarily controlled by a removable control panel. Additional controls included a carriage control tape and mechanical levers called hammersplits and hammerlocks, that controlled some printing functions. Both the IBM 402 and IBM 403 were considered smaller models of the prior model IBM 405.
- IBM Accounting Machine: 402, 403 and 419 Principles of Operation (PDF). 1963. Form 224-5654-13.
- Visit to a working IBM 402 in Conroe, Texas