The IBM 1403 printer Model 2 could be used with IBM's System/360, System/370 and System/3 Model 10 computers. The 1403 Model 7 was used with the System/360 and System/370.
Advanced concept of printing and improved paperhandling facilities featured in this printer resulted in the fast, efficient preparation of reports, records and operating documents. All data to be printed, printing format and operations were controlled by the stored program in the system's processing unit.
The maximum printing speed of the 1403 was 600 alphanumeric lines per minute (print speeds on the Model 2 could be increased to 750 lines per minute with the optional Universal Character Set feature). The Model 2 had 132 print positions and the Model 7 had 120; each position printed 48 characters, including 12 special ones.