IBM introduced the Magnetic Tape/Selectric Typewriter (MT/ST).
"With this, for the first time, typed material could be edited without having to retype the whole text or chop up a coded copy. On the tape, information could be stored, replayed (that is, retyped automatically from the stored information), corrected, reprinted as many times as needed, and then erased and reused for other projects.
"This development marked the beginning of word processing as it is known today. It also introduced word processing as a definite idea and concept. The term was first used in IBM's marketing of the MT/ST as a 'word processing' machine. It was a translation of the German word textverabeitung, coined in the late 1950s by Ulrich Steinhilper, an IBM engineer. He used it as a more precise term for what was done by the act of typing. IBM redefined it 'to describe electronic ways of handling a standard set of office activities -- composing, revising, printing, and filing written documents.' "